Azerbaijan’s Central Bank to raise 250M manats at auction
By Trend
The Central Bank of Azerbaijan will hold a deposit auction on Jan. 22, 2018 to raise 250 million Azerbaijani manats, the CBA said on January 18.
The auction will be held on the Bloomberg trading platform. The funds will be placed for a period of 14 days. The interest rate on deposits will vary within 10.01-14.99 percent.
CBA began to hold deposit auctions in mid-June 2016. Thirty banks, including two state-owned ones, operate in Azerbaijan.
(1.7001 manats = 1$ on Jan. 18)
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!