The supply exceeded the demand by six times and reached 909.1 million manat ($534.7 million).
The interest rate on deposit transactions concluded within the auction was 5.76 percent. The term of placement of funds is 14 days.
CBA started to hold deposit auctions in mid-June 2016. Deposit auction is an auction during which the deposits of commercial banks are placed in CBA. The main aim of such auction is sterilization of money supply.
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