Central Bank to auction short-term notes
By Trend
An auction for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 200 million manats will be held at Baku Stock Exchange (BSE) on Aug. 20, Trend reports referring to BSE.
According to BSE, securities at a par value of 100 manats each and a maturity period of 28 days will be put up for the auction. The maturity date of the notes is Sept. 18, 2019.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain the notes.
In accordance with the requirements, each bank can submit no more than two bids: one competitive and one noncompetitive.
---
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!