Banks’ interest in deposit auctions has increased recently. Therefore, the country’s banks offer 70-130 million manats during the auctions, while the CBA is ready to receive 50 million manats.
Deposit auction is an auction during which the deposits of commercial banks are placed in the CBA. The main aim of such an auction is sterilization of money supply.
Thirty two banks, including two state-owned ones, operate in Azerbaijan.
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