Azerbaijan’s Central Bank to auction short-term notes
Baku, Azerbaijan, Feb. 7
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. 8, the BSE said Feb. 7.
Some 50,000 notes at a par value of 100 manats each and maturity period of 29 days will be put up for auction. The maturity date of the notes is March 9, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
The official exchange rate is 1.8769 AZN/USD on Feb. 7.