Baku / 20.11.17 / Turan: At the deposit auction on Monday, the Central Bank raised 100 million manat, against the supply of 623.35 million manat. Thus, demand exceeded supply by 6.23 times.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. During the auction, the Central Bank accepts deposits of commercial banks for placement. The main purpose of depos...

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