During the auction, the Central Bank plans to raise 100 million manat ($58.6 million). The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary from 6.01 to 7.74 percent. The funds will be placed for a period of 14 days.
CBA began to hold deposit auctions in mid-June 2016. Presently, 30 banks including two state-owned ones operate in Azerbaijan.