Baku / 29.03.18 / Turan: At the deposit auction on Thursday, the Central Bank of Azerbaijan raised 250 million manat. The demand amounted to 706.9 million manat.The funds were raised for a period of 20 days, at an average weighted rate of 8.01%.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 sterilizatio...

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