Central Bank of Azerbaijan to Hold Fifteenth Deposit Auction
The Central Bank of Azerbaijan will hold the next, 15th deposit auction on October 10. The central bank intends to attract 50 million AZN for a period of 28 days.
The Central Bank started holding deposit auctions in June 2016.
According to international practice, the main purpose of deposit auctions is the sterilization of money supply. At the time of deposit auctions the Central Bank receives commercial banks' deposits for placement. --71D--
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