Central Bank of Azerbaijan to hold auction to raise 100M manats

Central Bank of Azerbaijan to hold auction to raise 100M manats

Economy
23 August 2019, 15:54 171
The Central Bank of Azerbaijan (CBA) will hold another deposit auction on Aug. 26, Trend reports on Aug. 23 referring to CBA.
During the auction, the Central Bank plans to raise 100 million manats. The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary from 6.26 to 8.24 percent. The funds will be placed for a period of 14 days.
CBA began to hold deposit auctions in mid-June 2016. At present, 30 banks including two state-owned ones operate in Azerbaijan.