Baku / 01.06.18 / Turan: At the deposit auction on June 4, the Central Bank of Azerbaijan plans to raise 350 million manat. The funds will be attracted for a period of 14 days, at an average weighted rate of 8.01% -10.99%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks for placement. The main purpose of deposit auctions is the sterilization of the money supp...

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