Azerbaijan’s Central Bank raises over 600M manats from

27 November 2024

Azerbaijan’s Central Bank raises over 600M manats from banks

16:42 07 October 2016 Read: 691

Azerbaijan’s Central Bank raises over 600M manats from banks

The Central Bank of Azerbaijan (CBA) will hold the next deposit auction on Oct. 10 to raise 50 million Azerbaijani manats, said the CBA in a message Oct. 7.

The auction will be held on the Bloomberg trading platform.

The interest rate on deposits will vary between 12.01 and 14.99 percent. The funds will be placed for a period of 28 days. The Central Bank began to hold deposit auctions in mid-June.

The CBA has attracted more than 600 million manats from local banks since the deposit auctions started.

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