Azerbaijan's Central Bank attracts funds

  29 March 2020    Read: 786
Azerbaijan

Central Bank of Azerbaijan (CBA) held a deposit auction, attracting 200 million manat from Azerbaijani banks, according to CBA.

According to the bank, demand from banks at the auction exceeded supply more than 0.25 percent, amounting to 200.5 million manat.

The weighted average interest rate on deposit transactions concluded during the auction amounted to 6.82 percent.

The term for placing funds is 14 days.

 

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