Baku, Azerbaijan, September 10
By Tamilla Mammadova – Trend:
Securities in the amount of 20 million lari with a maturity of 182 days were sold at Treasury Bill Auction held by Georgia's Ministry of Finance on September 10, Trend reports referring to National Bank of Georgia.
Seven commercial banks participated in the auction.
The total demand amounted to 74 million lari. Minimum yield was 7.000 percent, maximum yield was 7.090 percent and the weighted average yield was 7.021 percent.
National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the constitution, it is independent of state control, and is tasked with ensuring price stability.
(1 USD = 2.97 GEL on September 10)