On Oct. 24, the Baku Stock Exchange (BSE) will hold an auction to place short-term notes of the Central Bank of Azerbaijan worth 200 million manats, the BSE announced.
Two million notes at a par value of 100 manats each and with a maturity period of 28 days will be put up for sale at the auction. The maturity date of the notes is November 21, 2018.
Short-term notes are a monetary policy instrument to regulate the money supply in circulation. Only banks can purchase notes.
(1 USD = 1.7 AZN on Oct. 22)
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