Azerbaijan’s Central Bank raises 40M manats at auction
Baku, Azerbaijan, Aug. 8
By Anvar Mammadov – Trend:
The Central Bank of Azerbaijan (CBA) raised 40 million manats at a deposit auction Aug. 8, said CBA message posted on its website Aug. 8.
The CBA was ready to receive 50 million manats from the banks through the auction, but local banks’ demand was 40 million manats.
The weighted average interest rate on deposit transactions, concluded at the auction, amounted to 9.22 percent.
The funds will be placed for a period of 28 days.
The CBA attracted more than 370 million manats from local banks since the beginning of holding the deposit auctions.