Azernews.Az

Wednesday July 2 2025

Demand exceeds supply for Azerbaijani Central Bank’s notes

16 August 2018 11:01 (UTC+04:00)
Demand exceeds supply for Azerbaijani Central Bank’s notes

By Trend

The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 300 million manats with a maturity period of 28 days, the BSE said in a message.

Demand at the auction exceeded the supply by 28 percent. Thus, demand at the auction amounted to 383.6 million manats, while average price per note – 99.3451 manats (8.4756 percent).

The volume of notes placed at the auction amounted to 300 million manats.

The deadline for payments on the notes is Sept. 12, 2018.

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

(1.7 manats = $1 on Aug. 15)

---

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.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more