Azerbaijan’s Central Bank to hold deposit auction Nov. 7
Baku, Azerbaijan, Nov. 4
By Anvar Mammadov – Trend:
The Central Bank of Azerbaijan (CBA) will hold a deposit auction Nov. 7 to raise 50 million Azerbaijani manats, the CBA said in a message Nov. 4.
The auction will be held on the Bloomberg trading platform.
Interest rate on deposits will range between 12.01 and 14.99 percent.
The funds will be placed for a period of 14 days.
The Central Bank began to hold deposit auctions in mid-June. The CBA has attracted around 800 million manats from local banks since the deposit auctions started, including 213.5 million manats raised in October.