Azernews.Az

Thursday July 3 2025

Supply surpasses demand at deposit auction of Azerbaijan's Central Bank

28 December 2020 17:30 (UTC+04:00)
Supply surpasses demand at deposit auction of Azerbaijan's Central Bank

By Trend

The Central Bank of Azerbaijan (CBA) has attracted 200 million manat ($117.6 million) at the deposit auction, Trend reports citing the CBA.

The deposit auction was held on December 28, 2020, the supply from banks exceeded demand by almost five times, reaching 915.4 million manat ($538.4 million).

The weighted average interest rate on deposit transactions concluded within the auction amounted to 5.76 percent.

The funds were raised for a period of 14 days.

The CBA has been holding deposit auctions since June 2016.

(1 USD = 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.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more