CBA holds deposit auction
.jpg)
By Trend
The Central Bank of Azerbaijan (CBA) has raised 200 million manat ($117.6 million) at the deposit auction held on November 2, 2020, Trend reports citing the CBA.
According to the CBA, the supply during the auction amounted to 808.4 million manat ($475.5 million).
The weighted average interest rate on deposit transactions concluded within the auction amounted to 6.01 percent.
The term of maturity is 14 days.
The CBA has been holding deposit auctions since June 2016.
(1 USD = 1.7 manat on Nov. 2)
--
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!