Demand at Deposit Auction Exceeded Supply by 4.5 Times
Baku / 09.10.17 / Turan: At the deposit auction of the Central Bank of Azerbaijan on Monday demand exceeded supply by 4.5 times.
Demand at the auction amounted to 456.3 million manat, with the Central Bank offering 100 million manat. The funds were raised for a period of 14 days, at an average weighted rate of 10.01%.
Deposit auctions are held as part of anti-inflation measures. The Central Bank has started holding deposit auctions since June 2016. ----71D
-
- Economics
- 9 October 2017 15:30
Finance
-
At present, Azerbaijan's strategic foreign exchange reserves amount to 73 billion US dollars.This was stated by Chairman of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship Azer Amiraslanov at the Plenary Session of the Milli Majlis held today.
-
The social package to be implemented by the Azerbaijani government in 2025 will cover about 3 million people.This was stated by Azer Amiraslanov, Chairman of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship, at the plenary session of the Milli Majlis held today.
-
Non-bank credit organisation ‘Embafinans’ (NBCO) has announced the issue of bonds worth AZN 4 million.
-
The Central Bank of Azerbaijan (CBA) has issued a banking licence to Khankendi branch of 'Azerpocht' company, subordinate to the Ministry of Digital Development and Transport.This is reported on the CBA website.
Leave a review