Azerbaijani Central Bank to auction notes

  21 May 2019    Read: 939
  Azerbaijani Central Bank to auction notes

An auction for placement of short-term notes of Azerbaijan's Central Bank (CBA), worth 200 million manats, will be held at the Baku Stock Exchange (BSE) on May 22, the BSE reports. 

According to the message, 2 million notes at a par value of 100 manats each and a maturity period of 28 days will be put up for the auction. The maturity date of the notes is June 19, 2019.

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

In accordance with the requirements, each bank can submit no more than two bids - one competitive and one noncompetitive.

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