Azerbaijani banks obtain Central Bank’s notes worth 150M manats
By Trend
The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 150 million manats with a maturity period of 28 days, the BSE said in a message Jan. 10.
The message says that the demand exceeded the supply – banks applied for 150.69 million manats at par value.
The deadline for payments on the notes is Feb. 7, 2018.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
(1.7001 manats = 1$ on Jan. 10)
---
Follow us on Twitter @AzerNewsAz