Azerbaijan, Baku, May 4 / Trend A.Akhundov /
As part of sterilization operations in the first quarter of 2012, the Central Bank of Azerbaijan issued notes in the amount of 465 million manat. Among them notes at 295 million manat were put up for auction and placed, report of the Central Bank of Azerbaijan on the monetary policy in the first quarter of 2012, published on Friday said.
"In the last auction yield on the notes was 1.28 percent, while at the beginning of the year this figure was at 2.84 percent," the report says.
As of April 1, the volume of notes in circulation amounted to 94.4 million manat. The volume of repo operations with notes rose in the first quarter by 9.9 times - up to 45 million manat.
The official exchange rate is 0.786 AZN to $1 on May 4.