(MENAFN- AzerNews) By
The Baku Stock Exchange (BSE) held an auction on placement of short-term notes of Azerbaijan's Central Bank (CBA) in the amount of 300 million manats with a maturity of 28 days, BSE said on December 13.
The demand during the auction was twofold less than supply banks submitted applications for 147.36 million manats.
The applications were submitted at the price of 98.8472 manats (with a yield of 14.99 percent) and 99.2278 (10.01 percent).
The deadline for the payment on notes is January10, 2018.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
(1.7001 AZN = 1$ on December13)
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