Baku, Azerbaijan, Dec. 2
Trend:
The Central Bank of Azerbaijan (CBA) will hold a regular deposit auction Dec. 5 to raise 50 million Azerbaijani manats, the CBA said in a message Dec. 2.
The auction will be held on the Bloomberg trading platform.
Interest rate on deposits will range between 12.01 and 14.99 percent.
The funds will be placed for a period of 14 days.
The Central Bank began to hold deposit auctions in mid-June 2016. The CBA has attracted over 800 million manats from local banks since the deposit auctions started, including 200 million manats raised during October.