Term of full deposit insurance extended by another 9 months


March 13, Fineko/abc.az. A draft law on the amendments to the Law on Full Deposit Insurance has been submitted for discussion in the 1st reading at today’s plenary session of Milli Majlis.

ABC.AZ reports that the bill says about the extension of the term of full deposit insurance by 9 months, until 4 December 2020.

The Law on Full Deposit Insurance came into force on 4 March 2016, and its validity period ended on 4 March 2020.

By Elmir Murad