The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 150 million manats with a maturity period of 28 days, the BSE said in a message.
The demand exceeded the supply – banks applied for 150.69 million manats at par value.
The deadline for payments on the notes is February 7.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes. (Trend/Business World Magazine)