Baku / 01.28.19 / Turan: At a deposit auction on Monday, the Central Bank attracted 350 million manat.Demand exceeded supply 2.2 times, reaching 783.5 million manat.The funds were raised for a period of 14 days, at a weighted average rate of 7.76%.Deposit auctions are conducted as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpose of deposit auctions is money sterilizatio...

Please login or subscribe to read more

Leave a review

Finance

Follow us on social networks

In Focus