CBA to put up notes for auction
By Trend
An auction for placement of short-term notes worth 75 million manats of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE) Nov. 30, the BSE said on November 29.
Some 750,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is December 28, 2016.
Short-term notes are a tool of monetary policy to regulate the money supply in circulation. Only banks can obtain notes.
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