Central Bank of Azerbaijan to put up notes for auction
Baku, Azerbaijan, Jan. 16
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) Jan. 18, the BSE said.
The notes are worth five million manats (1.7867 AZN/USD on Jan. 16).
Some 50,000 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 Feb. 15, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.