Azerbaijan Central Bank to raise 150M manats at auction
Baku, Azerbaijan, Feb. 23
By Azad Hasanli – Trend:
The Central Bank of Azerbaijan (CBA) will hold another deposit auction on Feb. 27 to raise 150 million manats from commercial banks, the CBA said Feb. 23.
The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary between 12.01 and 14.99 percent.
The funds will be placed for a period of 14 days.
The CBA began to hold deposit auctions in mid-June 2016.
Thirty-two banks, including two state-owned ones, operate in Azerbaijan.