Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Thursday April 15 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan records multifold excess of demand for CBA's short-term notes oversupply

7 April 2021 17:27 (UTC+04:00)
862

By Trend

The Baku Stock Exchange (BSE) held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on April 7, 2021, Trend reports citing the BSE.

The amount of notes was 100 million manat ($58.8 million), and the circulation period - 28 days.

During the auction, 19 investors submitted 25 orders in the price range from 99.52 manat or $58.54 (6.24 percent) to 99.55 manat or $58.56 (5.76 percent).

According to the CBA's decision, the cut-off price of the bonds and the weighted average price amounted to 99.55 manat (5.76 percent). The total amount of orders at nominal prices made up 1 billion manat ($590 million), and the volume of the placed notes - 100 million manat, which shows the excess of demand over supply by 10 times.

The maturity date is May 5, 2021.

Starting from 2021, the auctions for the placement of notes of the Central Bank are mainly used to regulate liquidity. The main reason why note auctions are preferable to deposit auctions is the further development of the interbank money market.

Short-term notes are a monetary policy tool for regulating the money supply in circulation. Only banks can buy the notes.

(1 USD = 1.7 AZN on Apr.7)

---

Follow us on Twitter @AzerNewsAz         

  • #BAKU STOCK EXCHANGE
  • #CENTRAL BANK OF AZERBAIJAN (CBA)

Related News

Azerbaijani Central Bank to facilitate growth of countrywide mobile banking

Azerbaijani Central Bank to facilitate growth of countrywide mobile banking

14 April 16:53
CBA talks adaptation of payment terminals to updated banknotes

CBA talks adaptation of payment terminals to updated banknotes

12 April 14:47
Azerbaijani Finance Ministry to auction mid-term government bonds

Azerbaijani Finance Ministry to auction mid-term government bonds

11 April 15:48
CBA, FinTech discuss expansion of digital payments in Azerbaijan

CBA, FinTech discuss expansion of digital payments in Azerbaijan

9 April 17:49
CBA denies foreign currency's illegal transfer abroad in 2020

CBA denies foreign currency's illegal transfer abroad in 2020

8 April 17:28
Azerbaijan's Central Bank talks ceasing of MoneyGram's activity in Karabakh

Azerbaijan's Central Bank talks ceasing of MoneyGram's activity in Karabakh

7 April 16:21
Azerbaijan may introduce global payment systems to work locally

Azerbaijan may introduce global payment systems to work locally

6 April 14:15
CBA predicts recovery of external, internal demand to continue

CBA predicts recovery of external, internal demand to continue

19 March 17:39
Azerbaijani Central Bank's forecast on inflation remains within target range

Azerbaijani Central Bank's forecast on inflation remains within target range

19 March 17:11
Azerbaijan gradually eliminating impact of aggregate demand and economic activity on inflation

Azerbaijan gradually eliminating impact of aggregate demand and economic activity on inflation

19 March 16:55
  • Latest
  • Popular
14 April 18:27 • Turkish Parliament to discuss violations by Armenia during attacks on Azerbaijan
14 April 18:15 • Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
14 April 18:00 • Ukrainian deputy PM visits Aghdam region [PHOTO]
14 April 17:50 • Hungarian companies may take part in business forum on restoration of Azerbaijan's liberated lands
14 April 17:42 • Baku Military Trophy Park - message for revenge seekers, says Azerbaijani expert [VIDEO]
14 April 17:35 • South wind to blow in Baku
14 April 17:14 • Azerbaijan, Ukraine discuss full resumption of mutual flights
14 April 16:55 • Belarus eyes participation in reconstructing Azerbaijan's liberated lands
14 April 16:53 • Azerbaijani Central Bank to facilitate growth of countrywide mobile banking
14 April 16:41 • Country registers 2,293 new COVID-19 cases
14 April 16:30 • Azerbaijan Banks Association seeks to create special mobile banking platforms
14 April 16:14 • Azerbaijan needs to ensure efficient online opening of bank accounts - ABA head
14 April 15:54 • Azerbaijani oil prices on the rise
14 April 15:38 • "Steppe Man" film screened in Moscow
14 April 15:17 • National opera singer to perform in Moscow
14 April 15:13 • Aliyev says political ties with Belarus close [UPDATE]
14 April 14:50 • Gold, silver prices rebound in Azerbaijan
14 April 14:35 • Holy month of Ramadan starts in Azerbaijan
14 April 14:13 • Azerbaijan's PM meets with BP's regional president
14 April 13:50 • Military Trophy Park in Baku to expose Armenia's unprecedented crimes - expert [PHOTO]
14 April 11:30 • Baku to host European Football Championship matches [UPDATE]
14 April 15:13 • Aliyev says political ties with Belarus close [UPDATE]
14 April 10:13 • About 600 mines, unexploded ordnance defused in Azerbaijan's liberated regions
14 April 10:32 • Ukrainian companies eye Nagorno-Karabakh reconstruction [PHOTO]
14 April 10:43 • Azerbaijan, Turkey mull cultural ties
14 April 13:50 • Military Trophy Park in Baku to expose Armenia's unprecedented crimes - expert [PHOTO]
14 April 12:05 • Immortalizing its victory in Karabakh war Azerbaijan’s moral right
14 April 16:55 • Belarus eyes participation in reconstructing Azerbaijan's liberated lands
14 April 13:15 • Azerbaijan, Romania mull energy, transport cooperation
14 April 14:13 • Azerbaijan's PM meets with BP's regional president
14 April 14:35 • Holy month of Ramadan starts in Azerbaijan
14 April 18:15 • Azerbaijani citizens can visit dozens of countries without visa - Henley&Partners
14 April 12:53 • Armenia obligated under int'l law to provide mine maps to Azerbaijan - Matthew Bryza [VIDEO]
14 April 12:18 • Army's anti-aircraft missile troops hold drills
14 April 13:39 • OSCE Minsk Group urges Armenia not to foil demining in Karabakh
14 April 10:00 • National Gymnastics Arena gets ready for large-scale events
14 April 11:47 • IBSA Judo Grand Prix Baku moved to Antalya
14 April 15:38 • "Steppe Man" film screened in Moscow
14 April 11:15 • Aghdam needs to be fully rebuilt - German historian [VIDEO]
14 April 14:50 • Gold, silver prices rebound in Azerbaijan
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved