Central Bank Intends to Raise AZN 200 Million at Deposit Auction
The Central Bank of Azerbaijan is planning to raise AZN 200 million at the deposit auction on March 17.
The funds will be attracted for a period of 14 days, at a weighted average rate of 12.01% -14.99%.
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 auctions, the Central Bank accepts deposits of commercial banks for placement. ----71D
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