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Wednesday, 25 April 2018


Azerbaijan pays off for the USSR

2012-06-06 17:52

Azerbaijan pays off for the USSR. 27326.jpeg

Azerbaijan has begun issuing Soviet savings to the citizens. The presidential decree declares that from June 1st to December 31 this year, the Azerbaijanis may apply to the "Capital Bank". Having presented a passbook and identity card, every Azerbaijani citizen and resident of the country can get their money deposited to the USSR Savings Bank until 1991. Authorities have already allocated one billion manats for this.


At a press conference held on June 1, Finance Minister Samir Sherifov told in detail about the conditions and timing of issuing cash deposits. He said that if all the documents are in order, payment of the money will be made ​​within 5 days following the day of application to the bank. But the process may be delayed if a passbook is lost or inoperable. A special commission has been established under the Ministry of Finance to deal with such cases.

Minister stressed that the state provides the sum of $ 1 billion AZN for payment of all the deposits, but he added that this amount was approximate. Answering whether the payment of deposits may lead to inflation in the country, the minister replied negatively. He explained this by saying that, first, an immediate receipt of the money to the consumer market was not expected, and secondly, the apogee of the refund would be in summer, when prices traditionally decline in the country.

"Capital Bank" has posted on its website the address of the points for receipt of applications for a refund. There you can determine address of the point you need in accordance to passbook number. But there is a "but" as always. All the depositors are elderly people. They do not deal with the computers. So before they get their money, they would have to sweat thoroughly, because there are a lot of points of issue, and they are all in different parts of the city.

Thus it turns out that the best of intentions and actions of the authorities are slightly marred by poor organization of the procedure of issuing money. People are forced to come up early, take their turn and stand in the sun for hours. Given the depositors' age, poorly organized process is turning into a real ordeal for them.

We have talked to the people from the queue. Those who sat in the shade of trees were cordial and optimistic. "I am very pleased with everything. I've quietly filled the form. Everything is very simple. Thank to the president", an Azerbaijani woman, who was fortunate enough to get into the bank, said. "When do they promise to give money?" "They have appointed a day for us - June 11", she replied.

But those standing in the sun were far less happy. "All the time you hear that our government is the best, let them prove it. I have to stand here in the sun, with diabetes", a lady from the queue complained.

But dissatisfaction of the last was related not only to complaints of poor organization. One woman complained that the deposits made ​​after 1991, that is in independent Azerbaijan, has not been yet issued. "Why, then, in 1992, banks took the deposits, if they were not going to pay them? I have made ​​major deposit in independent Azerbaijan, and I cannot get them. I do not want such independence. I am a citizen of this country, but I do not want such independence". But she does not lose hope. Maybe someday her turn comes, and she gets her money.


Kama Rzaeva

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