(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 3. The volume of
interbank unsecured transactions through a special platform within
the Bloomberg trading system in Azerbaijan reached 679 million
manat ($399.4 million) in September 2022, reports citing
Central Bank of Azerbaijan (CBA).
'A total of 59 transactions in the amount of 679 million manat
($399.4 million) were carried out between banks within the
framework of this platform in September. Some 97 percent of the
deals were short-term (one to three days). A total of 21 deals for
48 million manat ($28.2 million) were concluded at the interbank
repo market in September, of which 52 percent were for five to nine
days,' the CBA said.
The CBA notes that it will start placing short-term notes for
one, two, six and nine months and, if necessary, repo and reverse
repo transactions for seven days from October 3 in accordance with
the schedule. According to the schedule, there will be four
auctions per week in connection with the notes, the volume of
supply, at which will depend on the situation on the money market
and the liquidity position of the banking system.
The Central Bank launched in a new configuration of monetary
policy instruments since September 22, including a special platform
for unsecured transactions within Bloomberg trading systems.
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