Demand exceeds supply for Azerbaijani Central Bank’s notes

  06 September 2018    Read: 1581
Demand exceeds supply for Azerbaijani Central Bank’s notes

The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 300 million manats with a maturity period of 28 days, the BSE said in a message.

Demand at the auction exceeded the offer by 54.5 percent. Thus, demand at the auction amounted to 463.6 million manats, while average price per note - 99,3812 manats (8.01 percent).

The volume of notes placed at the auction amounted to 300 million manats.

The deadline for payments on the notes is October 3, 2018.


Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.


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