Two consecutive devaluations in Azerbaijan in 2015 had a serious negative
impact on the banking system as a whole. In fact, many banks have had their
licenses revoked in various years as they have been more severely affected, and
twenty of them are still in the process of being revoked. In order to
solve this problem, it was inevitable that the state would take steps to keep
deposits in banks, ensure their liquidity, as well as ensure that banks could
continue their financial intermediation effectively.