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Demand exceeds supply for Azerbaijani Central Bank’s notes

Demand exceeds supply for Azerbaijani Central Bank’s notes
23.01.2019 17:30
The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 300 million manats with a maturity period of 28 days, Trend reports referring to the BSE.

The demand at the auction exceeded the supply by 2.1 times - the banks applied for 618.12 million manats, the BSE said.
The deadline for payment on notes is Feb. 20, 2019.

The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire notes.



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