24 August 2018 20:23 (UTC+04:00)
3 045
By Trend
The Central Bank of Azerbaijan will hold a deposit auction on August 27 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. 24)
---
Follow us on Twitter @AzerNewsAz
Related News
Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply
Azerbaijan Central Bank sees growth in currency reserves
Azerbaijan’s Central Bank to auction manat bonds
Azerbaijan’s Central Bank to raise 350M manats at auction
Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply
.jpg)