Azerbaijan has paid AZN 1.1 million of Soviet deposits for first two days
Baku, Fineko/abc.az. The Ministry of Finance of Azerbaijan has announced the first results of the return of Soviet deposits to the population launched since 1 June 2012 in full accord with the Rules of Lump-Sum Payment to Azerbaijani Citizens (depositors of the USSR Savings Bank in Azerbaijan Republic and their successors), established by President Ilham Aliyev.
Finance Minister Samir Sharifov says that for the first two days of the process of lump-sum payment to depositors of the former USSR Savings Bank, Kapital Bank, which is authorized in this process, has received 25,000 appeals.
"Payments on 10,000 of these appeals have been already carried out and 15,000 appeals are still under consideration. For the past 2 days investors were paid more than AZN 1.1 million,” the minister said.
The process of the lump-sum payment is expected to cover 2.4 million people.
For convenience of citizens the Ministry of Finance opened the hotline operating from 9 am to 6 pm on phone number (012) 404-46-03. The appeals can also be sent to emanet_info@email@example.com e-mail.
It has been allocated 300 million for payment on Soviet contributions and full expenditures for these ends are estimated at about AZN 1 billion.
The payment process should be made from June 2012 to 31 December 2013 by OJSC Kapital Bank, which is legal successor of Saving Bank of Azerbaijan.
The Special Commission deals with all payment issues.
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