RECOVERY NOT STARTED YET

Azat Artsakh – Nagorno Karabakh Republic (NKR)
14 March 05

As we have already informed, on March 3 the president of NKR signed a
decree on the recovery of the savings devalued after 1993. According
to the decree, the government will undertake the recovery of the
savings of the citizens born before 1944, as well as the soldiers
killed during the Artsakh war and the disabled soldiers of the first
degree. We asked the manager of the Stepanakert branch of Artsakhbank
Robert Grigorian if the recovery of savings had started. He said that
the payment had not started yet. It will start as soon as the
corresponding decision is made. This time the lost savings of the
citizens born in 1939-1944 will be recovered. R, Grigorian informed
that the order of recovery did not change: 25 drams is paid for 1000
Soviet rubles. Currently Artsakhbank carries out the recovery of
savings of the persons born before 1939.

AA.
14-03-2005