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Azerbaijan’s Central Bank to issue notes worth 50M manats

Business Materials 1 March 2017 15:42 (UTC +04:00)

Baku, Azerbaijan, March 1

By Azad Hasanli – Trend:

Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered a prospectus of short-term notes worth 50 million manats of the Central Bank (CBA), FIMSA said March 1.

Some 500,000 notes at a par value of 100 manats each and the maturity period of 28 days will be issued.

A short-term note is a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

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