Azerbaijan Central Bank to attract AZN 50M

Azerbaijan Central Bank to attract AZN 50M
  • Clock-gray 14:33
  • calendar-gray 21 October 2016

Baku. Musa Ahmadov – APA-Economics. The Central Bank of Azerbaijan (CBA) will hold a deposit auction to attract funds on October 24, the CBA said.

 

Period of deposit auction makes up 28 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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