Azerbaijan’s Central Bank raises 135M manats at auctions
Baku, Azerbaijan, Aug. 29
By Azad Hasanli – Trend:
The Central Bank of Azerbaijan (CBA) raised 30 million manats at a deposit auction Aug. 29, said a CBA message posted on its website.
The CBA was ready to receive 50 million manats from the banks through the auction.
The weighted average interest rate on deposit transactions, concluded at the auction, was 9.49 percent.
The funds will be placed for a period of 28 days.
The CBA has attracted 135 million manats from local banks in August through the deposit auctions.
The Central Bank began to hold deposit auctions in mid-June.
The CBA has attracted about 370 million manats from local banks since the deposit auctions started.