Demand for CBA notes exceeds supply by over three times
Baku, Azerbaijan, Oct. 17
By Taleh Mursagulov - Trend:
The Baku Stock Exchange (BSE) held a regular auction for placement of short-term notes of the Central Bank of Azerbaijan (CBA) worth 250 million manats with a circulation period of 28 days, BSE said.
The demand during the auction exceeded the supply 3.4 times - the banks applied for 845.5 million manats, the message says.
The deadline for payment on notes is November 14, 2018.
The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire notes.
(1.7 AZN = 1 USD on October 17)