BAKU, Azerbaijan, November 1. The volume of notes issued by the Central Bank of Azerbaijan (CBA) over the past period of the current year decreased by more than three times, Trend reports via the CBA statement.
According to the statement, considering the impact of changes in government account balances on the liquidity of the banking system, the CBA has sharply reduced the volume of sterilization operations since the beginning of the year.
In October, the one-day average interest rate on unsecured transactions, or 1D AZIR, formed within the interest rate corridor and amounted to 7.48 percent.
Activity in the unsecured market remains high, with the average volume of transactions per day amounting to 673 million manat ($395.9 million) in the reporting month.
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