Baku, Azerbaijan, August 14
By Tamilla Mammadova – Trend:
The securities in the amount of 60 million lari with a maturity of 2-years were sold at an auction held at National Bank of Georgia, Trend reports with reference to the bank.
Three commercial banks participated in the auction.
The total demand amounted to 102.04 million lari. Minimum yield was 6.700 percent, maximum yield was 6.770 percent and the weighted average yield was 6.743 percent.
National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability.
(1 USD = 2.91 GEL on August 13)