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Azerbaijani Central Bank to raise 50M AZN at auction

Azerbaijani Central Bank to raise 50M AZN at auction
26.12.2016 16:01
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on Dec. 26 to raise funds, the CBA said in a message Dec. 23.

The auction will be held on the Bloomberg trading platform.

Volume of funds that the CBA is ready to receive from banks will be 50 million Azerbaijani manats and the interest rate on deposits will vary between 12.01 and 14.99 percent.

The funds will be placed for a period of 14 days. The Central Bank began to hold deposit auctions in mid-June.

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