Azerbaijani Central Bank to auction notes worth 300M manats
Baku, Azerbaijan, April 16
An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA), worth 300 million manats, will be held at the Baku Stock Exchange (BSE) on April 17, Trend reports referring to BSE on April 16.
According to the message, notes at a par value of 100 manats each and a maturity period of 28 days will be put up for the auction. The maturity date of the notes is May 15, 2019.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
(1.7 AZN = 1 USD on April 16)