Central Bank of Azerbaijan to attract AZN 350M

Central Bank of Azerbaijan to attract AZN 350M
# 22 June 2018 12:42 (UTC +04:00)

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on June 25, 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 9.99 percent.

 

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THE OPERATION IS BEING PERFORMED