Azerbaijan’s Central Bank to raise 350M manats at auction
Trend:
The Central Bank of Azerbaijan will hold a deposit auction on August 13 to raise 350 million manats, the CBA said.
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 8.01-9.99 percent.
The CBA began to hold deposit auctions in mid-June 2016. Thirty banks, including two state-owned ones, operate in Azerbaijan.
(1.7 manats = $1 on Aug. 12)
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!