The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Jan. 14, Trend reports referring to CBA.
During the auction, the Central Bank plans to raise 150 million manat ($88.2 million). The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary from 5.76 to 7.49 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 USD = 1.7 manat on Jan. 11)
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