(MENAFN- Trend News Agency) Baku, Azerbaijan, Jan. 23
By Taleh Mursagulov - Trend:
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.
(1 USD = 1.7 AZN on Jan. 23)
---
Follow the author on Twitter: @TalehMursagulov
Follow Trend on Telegram. Only most interesting and important news
MENAFN2301201901870000ID1098015093
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.