Azerbaijan Central Bank to attract AZN 50M

Azerbaijan Central Bank to attract AZN 50M
  • Clock-gray 09:29
  • calendar-gray 16 December 2016

The Central Bank of Azerbaijan (CBA) will hold a deposit auction to attract funds on December 19, the CBA said.

 

Period of deposit auction makes up 14 days.

 

The auction will be held on the Bloomberg trading platform.

 

CBA is ready to receive 50 million manats from the banks. Interest rate on the banks’ deposits will vary between 12.01 percent and 14.99 percent.

 

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