The deposit auction was held on December 21, 2020, the supply from banks exceeded demand by almost six times, reaching 581.7 million manat ($342.2 million).
The weighted average interest rate on deposit transactions concluded within the auction amounted to 5.76 percent.
The funds were raised for a period of 15 days.
The CBA started holding deposit auctions in June 2016.
(1 USD = 1.7 manat on Dec. 21)
