According to BSE, notes at a par value of 100 manat ($58.8) each and a circulation period of 84 days will be put up for auction. The maturity date of the notes is April 6, 2020.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain the notes.
According to the requirements, each bank can submit no more than two bids: one competitive and one non-competitive.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain the notes.
According to the requirements, each bank can submit no more than two bids: one competitive and one non-competitive.
($1 = 1.7 manat on Dec. 29)
