During the auction, the Central Bank plans to raise 100 million manat ($58.8 million). The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary from 5.7 to 7.4 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.
($1 = 1.7 manat on Dec. 28)
More about: Azerbaijan
