Baku, Azerbaijan, Jan. 31
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) on Feb. 1, the BSE said Jan. 31.
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 March 1, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
Official exchange rate on Jan. 31 is 1.9165 AZN/USD.
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