Central Bank of Azerbaijan to attract AZN 350M

 Central Bank of Azerbaijan to attract AZN 350M
  • Clock-gray 09:24
  • calendar-gray 07 May 2018

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on May 7, the CBA said.

 

Period of deposit auction makes up 14 days.

 

CBA will attract 350 million manats. Interest rate on the banks’ deposits will vary between 8.01 percent and 10.99 percent.

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