Azerbaijan’s Central Bank to hold deposit auction Nov. 7

  05 November 2016    Read: 912
Azerbaijan’s Central Bank to hold deposit auction Nov. 7
The Central Bank of Azerbaijan (CBA) will hold a deposit auction Nov. 7 to raise 50 million Azerbaijani manats, the CBA said in a message Nov. 4.
The auction will be held on the Bloomberg trading platform.

Interest rate on deposits will range between 12.01 and 14.99 percent.

The funds will be placed for a period of 14 days.

The Central Bank began to hold deposit auctions in mid-June. The CBA has attracted around 800 million manats from local banks since the deposit auctions started, including 213.5 million manats raised in October.

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