Baku, Azerbaijan, Jan. 25
By Anvar Mammadov – Trend:
The Baku Stock Exchange (BSE) held an auction on Jan. 24 for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 250 million manats with a maturity period of 28 days, the BSE said in a message Jan. 25.
The message says that the demand exceeded the supply by 52.6 percent – banks applied for 381.62 million manats.
The deadline for payments on the notes is Feb. 21, 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 Jan. 25)