Baku/29.06.20/Turan: At a deposit auction held on Monday, the Central Bank raised 200 million manat for a period of 14 days, at an average rate of 6.51%.The demand at the auction amounted to 545.3 million manats, exceeding the offer by 2.7 times.Deposit auctions are held as part of anti-inflationary measures. During the auction, the Central Bank accepts deposits of commercial banks for placement. The main purpose of deposit auctions is to sterili...

Please login or subscribe to read more

Leave a review

Finance

Follow us on social networks

In Focus