Baku / 17.04.17 / Turan: At the deposit auction of the Central Bank of Azerbaijan on Monday, demand amounted to AZN 298 million against the offer of AZN 150 million.The funds were raised for a period of 14 days, at an average weighted rate of 13.96%.Since June 2016, the Central Bank has started holding deposit auctions.According to international practice, the main purpose of deposit auctions is sterilization of the money supply. During the deposi...

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