Central Bank of Azerbaijan to attract AZN

Central Bank of Azerbaijan to attract AZN 350M

21:47 13 July 2018 Read: 1779

Central Bank of Azerbaijan to attract AZN 350M

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on July 16 the CBA said.

Period of deposit auction makes up 14 days.

CBA will attract 350 million manats. Interest rate on the banks’ deposits will vary between 8.01 percent and 9.99 percent.

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