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Demand significantly exceeds supply at Azerbaijani Central Bank’s auction

25 January 2018 12:08 (UTC+04:00)
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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