Azerbaijan's Central Bank to auction short-term notes

17 September 2019 17:19 (UTC+04:00)

Baku, Azerbaijan, Sept. 17

By Eldar Janashvili – Trend:

An auction for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 170 million manats will be held at Baku Stock Exchange (BSE) on Sept. 18 from 11:00 till 12:30 (GMT+4), Trend reports referring to BSE.

According to BSE, the 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 Oct. 16, 2019.

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain the notes.

According to the requirements, each bank can submit no more than two bids: one competitive and one noncompetitive.

(1 USD = 1.7 AZN on Sept. 17)

-----

Follow the author on Twitter: @eldarjanashvili

Follow Trend on Telegram. Only most interesting and important news

Related news
Azerbaijani Finance Ministry to put bonds up for sale
Finance 5 December 18:04
Par value of Azerbaijan Mortgage and Credit Guarantee Fund's bonds revealed
Finance 4 December 16:53
Demand at deposit auction of Azerbaijan's Central Bank exceeds supply
Finance 2 December 15:43
Napoleon’s boots fetch 117,000 euros at auction in Paris
World 30 November 08:46
BSE holds auction on bonds of Azerbaijan Mortgage & Credit Guarantee Fund
Finance 29 November 10:12
Demand at deposit auction of Azerbaijan's Central Bank exceeds supply
Finance 27 November 20:52
Latest
Half of Italians want 'strongman' in power, survey shows
Europe 6 December 23:59
Mogherini: EU doesn’t recognize constitutional framework within which so-called “elections” held in Nagorno-Karabakh
Nagorno-Karabakh conflict 6 December 21:59
Azerbaijani community of Nagorno-Karabakh protests against illegal visits of MEPs to occupied lands (PHOTO)
Nagorno-Karabakh conflict 6 December 21:00
Petrol price hike affects Iran's foreign exchange market
Oil&Gas 6 December 20:48
Turkey’s trade with Kyrgyzstan grows
Turkey 6 December 20:32
Istanbul - most car-heavy city in Turkey
Turkey 6 December 20:27
Azerbaijani trampoliners become silver medalists for first time in country’s gymnastics history (PHOTO)
Society 6 December 20:20
Cargo transportation from Turkey to Azerbaijan increases
Turkey 6 December 20:14
Georgia, Azerbaijan to hold inter-parliamentary commission meetings - ambassador
Business 6 December 19:54