Monday, January 11, 2010

My Life in Azerbaijan - The place I work, CD rate 21%

January 7, 2010
Peace Corps warned us many times, in our “Face book” or “Blog”, not to disclose the place we live, the place we work and also not to mention anyone’s name we know. There will be consequences if we do not follow the rule. So in my blog, I can only tell you that I work for a bank in Azerbaijan.

These are the nice people I work with. They are wonderful and even with the language barrier; they are willing to help me whenever I needed. We often use sign language to communicate and as such, laugh a lot with our funny expressions. They tried their best to make me feel comfortable. They often told me “Ci, problem yoxdur” (No problem), “Ci, cay icirsan?” (you have tea yet?) The two girls who sit next to me often bring me cookies, pastries and chocolates.
Compared to the company QBE, the American I used to work for, it is such a big difference. I still remember how isolated I felt the first day I joined the company. The corporate environment in America can be very cold, unfriendly and sometimes, quite crude. I do not miss it at all and I do not think I will ever want to go back working for the “Wall Street” again.

One more thing about my bank (or any bank in Azerbaijan), the interest rate the bank charged is extremely high. Average rate for a small loan is 36% and can go up to 46%! But if you are willing to invest US dollar here, the CD pays up to 21% per year. Wow, I am thinking…..

3 comments:

Anonymous said...

Don't think. Do it! Citibank offers 1%. :) Jim

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