The auction will be held on Bloomberg trading platform. Volume of funds that the CBA is ready to receive from banks will be 50 million Azerbaijani manats, and the interest rate on deposits will vary between 4.01-6.99 percent.
The funds will be placed for a period of 28 days.
The Central Bank has held four deposit auctions recently. The CBA attracted 129 million manats during the first auction, 50 million manats during the second auction, 45 million manats during the third auction, and 37 million manats during the fourth auction.
Azerbaijan’s Central Bank to hold next deposit auction
30 July 2016
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The Central Bank of Azerbaijan (CBA) will hold the next deposit auction on August 1 to raise funds, CBA said in a message.
