Azerbaijan’s Central Bank to hold deposit auction
Read on the website Vestnik KavkazaAzerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement.
The auction will be held on the Bloomberg trading platform.
The interest rate on deposits will vary within 8.01-9.99%. The funds will be placed for a period of 14 days.
Azerbaijan’s Central Bank has begun holding deposit auctions in mid-June 2016.