Baku, Azerbaijan, Feb. 28
By Anvar Mammadov – Trend:
An auction for placement of short-term notes worth 50 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on March 1, the BSE said Feb. 28.
Some 50,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is March 29, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.