Demand significantly exceeds supply at Azerbaijani Central Bank’s auction
By Trend:
The Baku Stock Exchange (BSE) held an auction on Jan. 24 for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 250 million manats with a maturity period of 28 days, the BSE said in a message Jan. 25.
The message says that the demand exceeded the supply by 52.6 percent – banks applied for 381.62 million manats.
The deadline for payments on the notes is Feb. 21, 2018.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
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