Baku / 27.05.19 / Turan: At a deposit auction on Monday, the Central Bank of Azerbaijan raised 150 million manat.The demand at the auction amounted to 838.6 million manat. Thus, demand exceeded supply by 5.6 times.The funds were raised for a period of 14 days, at a weighted average rate of 6.76%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpo...

Please login or subscribe to read more

Leave a review

Finance

Follow us on social networks

In Focus