Baku, Azerbaijan, Dec. 27
By Anvar Mammadov – Trend:
The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 350 million manats with a maturity period of 28 days, the BSE said in a message Dec. 27.
The message says that the demand almost coincided with the supply – banks applied for 348.34 million manats at par value.
The deadline for payments on the notes is Jan. 24, 2018.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
(1.7001 AZN = 1$ on Dec. 27)