Baku / 07.29.19 / Turan: At the deposit auction on Monday, the Central Bank raised 100 million manat.The demand at the auction amounted to 704.3 million manat. Thus, demand exceeded supply by 7 times.The funds were raised for a period of 14 days, at a weighted average rate of 6.26%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpose of deposit...

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