Central Bank of Azerbaijan to attract AZN 350M

 Central Bank of Azerbaijan to attract AZN 350M
  • Clock-gray 14:46
  • calendar-gray 20 July 2018

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on July 23 the CBA said.

 

Period of deposit auction makes up 14 days.

 

CBA intends to attract 350 million manats. Interest rate on the banks’ deposits will vary between 8.01 percent and 9.99 percent.

 

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