...

Central Bank of Azerbaijan to hold auction to raise 100M manats

Finance Materials 28 June 2019 10:58 (UTC +04:00)
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on July 1 to raise 100 million manats, Trend reports referring to the CBA.
Central Bank of Azerbaijan to hold auction to raise 100M manats

Baku, Azerbaijan, June 28

Trend:

The Central Bank of Azerbaijan (CBA) will hold a deposit auction on July 1 to raise 100 million manats, Trend reports referring to the CBA.

The auction will be held on the Bloomberg trading platform.

The interest rate on deposits will vary between 6.51 and 8.49 percent.

The funds will be placed for a period of 14 days. The Central Bank began to hold deposit auctions in mid-June.

Presently, thirty banks including two state-owned ones operate in Azerbaijan.

(1.7 manats = 1 USD on June 28)

Tags:
Latest

Latest