Azerbaijan’s Central Bank to raise 350M manats at auction

  07 March 2019    Read: 2251
Azerbaijan’s Central Bank to raise 350M manats at auction

The Central Bank of Azerbaijan will hold a deposit auction on March 11 to raise 350 million manats, AzVision.az reports citing CBA.

The auction will be held on the Bloomberg trading platform.

The interest rate on deposits will vary at 7.26-9.24 percent. The funds will be placed for a period of 14 days.

The CBA began to hold deposit auctions in mid-June 2016. Thirty banks, including two state-owned ones, operate in Azerbaijan.


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