The upper limit of the interest rate on insured deposits in foreign currency has been decreased from 12 percent to three percent since March 1 in accordance with the decision by the ADIF Board of Trustees at an extraordinary meeting.
The upper limit of the annual interest rate on insured deposits in the national currency remained unchanged at 12 percent.
`Interest rate decrease in Azerbaijan applied to new deposits in foreign currency`
03 March 2016
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The decision of the Supervisory Board of Azerbaijan Deposit Insurance Fund (ADIF) to reduce upper limit of the annual interest rate on insured deposits in foreign currency will not be applied to deposits invested in banks until March 2, 2016, head of the fund Azad Javadov said March 3 at a press conference.
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