Azerbaijan Central Bank to auction short-term notes

By  Trend

An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) Jan. 11, the BSE said.

The notes are worth five million manats (1.7742 AZN/USD on Jan. 7).

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

Some 50,000 notes at a par value of 100 manats each and maturity period of 27 days will be put up for auction. The maturity date of the notes is Feb. 8, 2017.