Baku, Azerbaijan, Dec. 1
By Anvar Mammadov – Trend:
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Dec. 4 to raise 200 million Azerbaijani manats, the CBA said Dec. 1.
The auction will be held on the Bloomberg trading platform. The funds will be placed for a period of 14 days. The interest rate on deposits will vary from 10.01 percent to 14.99 percent.
CBA began to hold deposit auctions in mid-June 2016. Thirty-one banks, including two state-owned ones, operate in Azerbaijan.
(1.7001 AZN = $1 on Dec. 1)