Central Bank of Azerbaijan to attract AZN 350M

Central Bank of Azerbaijan to attract AZN 350M
  • Clock-gray 08:48
  • calendar-gray 25 May 2018

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on May 29, the CBA said.

 

Period of deposit auction makes up 13 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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