Demand significantly exceeds supply at Azerbaijani Central Bank's auction

(MENAFN- AzerNews) By Trend:

The Baku Stock Exchange (BSE) held an auction on Jan. 24 for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 250 million manats with a maturity period of 28 days, the BSE said in a message Jan. 25.

The message says that the demand exceeded the supply by 52.6 percent banks applied for 381.62 million manats.

The deadline for payments on the notes is Feb. 21, 2018.

Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.