Azerbaijan Central Bank to raise 200M manats at auction

28 November 2024

Azerbaijan Central Bank to raise 200M manats at auction

20:24 15 February 2017 Read: 1011

Azerbaijan Central Bank to raise 200M manats at auction

The Central Bank of Azerbaijan (CBA) will hold another deposit auction on Feb. 17 to raise funds, the CBA said Feb. 15.

The auction will be held on the Bloomberg trading platform.

Volume of funds that the CBA is ready to receive from banks will be 200 million Azerbaijani manats and the interest rate on deposits will vary between 12.01 and 14.99 percent.

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

The CBA began to hold deposit auctions in mid-June 2016.

Thirty-two banks, including two state-owned ones, operate in Azerbaijan.

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