17:52 - 2.11.2023

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November 2, Fineko/abc.az. This year, de-dollarization of individual deposits continued. Deposits of individuals in foreign currency fell by 4.1 pp to 35%.

ABC.AZ reports that Central Bank’s chairman Taleh Kazimov informed about this during the discussion of Draft State Budget 2024 by the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

Kazimov noted that the main issue of concern is the structure of deposits of individuals:

"After the end of the tax benefit in February of this year, the growth rate of deposits of individuals by 30,000 manats declined. The proposed amendments to the Tax Code imply incentives for these individuals."