Azerbaijani Central Bank to auction short-term notes
Baku, Azerbaijan, Dec. 20
By Anvar Mammadov – Trend:
An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) Dec. 21, the BSE said Dec. 20.
The notes are worth 50 million manats (1.7525 AZN/USD on Dec. 20).
Some 500,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is Jan. 18, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.