(MENAFN - Trend News Agency) Baku, Azerbaijan, Aug. 20
By Sara Israfilbayova - Trend:
An auction for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 200 million manats will be held at Baku Stock Exchange (BSE) on Aug. 20,Trendreports referring to BSE.
According to BSE, securities at a par value of 100 manats each and a maturity period of 28 days will be put up for the auction. The maturity date of the notes is Sept. 18, 2019.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain the notes.
In accordance with the requirements, each bank can submit no more than two bids: one competitive and one noncompetitive.
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