Central Bank of Azerbaijan to hold deposit auction
By Trend
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Dec. 30, Trend reports referring to CBA.
During the auction, the Central Bank plans to raise 100 million manat ($58.8 million). The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary from 5.7 to 7.4 percent. The funds will be placed for a period of 14 days.
CBA began to hold deposit auctions in mid-June 2016.
Presently, 30 banks including two state-owned ones operate in Azerbaijan.
($1 = 1.7 manat on Dec. 28)
----
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!