Baku / 29.05.18 / Turan: The Central Bank of Azerbaijan raised AZN 350 million at the deposit auction on May 29.At the auction, demand amounted to 857.2 million manat. Thus, demand exceeded supply by 2.4 times. The funds were raised for a period of 13 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. Th...

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