Baku / 08.05.17 / Turan: At the deposit auction of the Central Bank, the supply amounted to 504.7 million manats, against the demand of 200 million manats.The funds were raised for a period of 14 days, at a weighted average rate of 12.70%.Since June 2016, the Central Bank has started holding deposit auctions.According to international practice, the main purpose of deposit auctions is the sterilization of the money supply. During the deposit aucti...

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