The Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2.
CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%.
The auction will be held on the Bloomberg trading platform. The funds will be placed for a period of 14 days.
CBA began to hold deposit auctions in mid-June 2016. Thirty-one banks, including two state-owned ones, operate in Azerbaijan. (Trend/Business World Magazine)