Milli Majlis adopts a new decision on full deposit insurance

The term of full deposit insurance has been extended.

banks.az reports that this is reflected in the amendment to the Law on Full Deposit Insurance proposed at today’s meeting of the parliament.

The twice-extended law entered into force in Azerbaijan on 4 March 2016 and became invalid on 4 December 2020. The amendment that extends the law until 5 April 2021 was put to the vote and adopted.