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Azerbaijan’s Central Bank to raise 350M manats at auction

Finance Materials 11 January 2019 10:52 (UTC +04:00)
The Central Bank of Azerbaijan will hold a deposit auction on Jan. 14 to raise 350 million manats, the CBA said.
Azerbaijan’s Central Bank to raise 350M manats at auction

Baku, Azerbaijan, Jan. 11

By Taleh Mursagulov – Trend:

The Central Bank of Azerbaijan will hold a deposit auction on Jan. 14 to raise 350 million manats, the CBA said.

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 within 7.76-9.74 percent.

The CBA began to hold deposit auctions in mid-June 2016. Thirty banks, including two state-owned ones, operate in Azerbaijan.

(1.7 manats = $1 on Jan. 11)

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