According to the message, 2 million notes at a par value of 100 manats each and a maturity period of 28 days will be put up for the auction. The maturity date of the notes is June 19, 2019.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
In accordance with the requirements, each bank can submit no more than two bids - one competitive and one noncompetitive.
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