TODAY.AZ / Business

Central Bank of Azerbaijan to hold another deposit auction

27 September 2019 [16:18] - TODAY.AZ

By Trend


The Central Bank of Azerbaijan (CBA) will hold another deposit auction on September 30, Trend reports referring to CBA.

During the auction, the Central Bank plans to raise 150 million manats. The auction will be held on the Bloomberg trading platform.

The interest rate on deposits will vary from 6.26 to 7.99 percent. The funds will be placed for a period of 14 days.

CBA began to hold deposit auctions in mid-June 2016. At present, 30 banks including two state-owned ones operate in Azerbaijan.

(1 USD = 1.7 AZN on September 27)

URL: http://www.today.az/news/business/186735.html

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