Baku, Azerbaijan, Nov. 14
By Maksim Tsurkov – Trend:
An auction for placement of short-term notes worth 100 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on November 15, the BSE said in a message Nov. 14.
According to the message, 1 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 December 13, 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 manats = $1 on Nov. 14)