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Azerbaijan’s Central Bank to auction short-term notes

Business Materials 10 October 2017 20:17 (UTC +04:00)
An auction for placement of short-term notes worth 150 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on October 11, the BSE said in a message Oct. 10.
Azerbaijan’s Central Bank to auction short-term notes

Baku, Azerbaijan, Oct. 10

By Anvar Mammadov – Trend:

An auction for placement of short-term notes worth 150 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on October 11, the BSE said in a message Oct. 10.

According to the message, 1.5 million 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 November 8, 2017.

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

Under new requirements, each bank can submit maximum two applications – one competitive and one noncompetitive.

(1.7002 AZN = $1 on Oct. 10)

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