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Azerbaijan Central Bank to put up notes for auction

Business Materials 31 January 2017 18:51 (UTC +04:00)
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
Azerbaijan Central Bank to put up notes for auction

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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