The Central Bank of Azerbaijan will hold the next, 20th, deposit auction on November 14.
The Central Bank plans to attract AZN 50 million at auction for a period of 14 days on the average rate of 12.01-14.99%.
The Central Bank deposit auctions began from 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
Economics
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