Azerbaijan’s Central Bank to raise 200M manats at auction

28 December 2017 16:44 (UTC+04:00)

By  Trend

The Central Bank of Azerbaijan will hold a deposit auction on Jan. 5, 2018 to raise 200 million Azerbaijani manats, the CBA said on December 28.

The auction will be held on the Bloomberg trading platform. The funds will be placed for a period of 10 days. The interest rate on deposits will vary from 10.01 percent to 14.99 percent.

CBA began to hold deposit auctions in mid-June 2016. Thirty banks, including two state-owned ones, operate in Azerbaijan.

(1.7001 AZN = $1 on December 28)

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