Azerbaijani Central Bank to raise 150M manats at auction

28 November 2024

Azerbaijani Central Bank to raise 150M manats at auction

14:35 28 January 2017 Read: 1022

Azerbaijani Central Bank to raise 150M manats at auction

The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Jan. 30 to raise funds, the CBA said in a message.

The auction will be held on the Bloomberg trading platform.

Volume of funds that the CBA is ready to receive from banks will be 150 million Azerbaijani manats and the interest rate on deposits will vary between 12.01 and 14.99 percent.

The funds will be placed for a period of 14 days. The Central Bank began to hold deposit auctions in mid-June, 2016.

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