Printer Friendly

Azerbaijan's Central Bank to auction short-term notes.

By 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 Sept. 11,Trendreports referring to BSE.

According to BSE, the notes 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 Oct. 9, 2019.

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

According to the requirements, each bank can submit no more than two bids: one competitive and one noncompetitive.

(1 USD = 1.7 AZN on Sept. 10)

COPYRIGHT 2019 Knowledge Bylanes
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Azer News (Baku, Azerbaijan)
Date:Sep 11, 2019
Previous Article:Trade, economic cooperation with Croatia to strengthen.
Next Article:Argentina may establish JVs with Azerbaijan.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters