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Azerbaijan Central Bank to issue notes worth 5M manats

Azerbaijan Central Bank to issue notes worth 5M manats
17.01.2017 11:31
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered prospectus of short-term notes worth 5 million manats of the Central Bank (CBA), FIMSA said Jan 16.

Some 50,000 notes at a par value of 100 manats each and the maturity period of 28 days will be issued.

A short-term note is a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.

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