Plans to raise AZN 350 million at deposit auction on 3 December unveiled


November 30, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has announced another deposit auction.

The CBA reports that the auction will be held on the Bloomberg trading platform on 3 December.

"Through the auction it is planned to raise AZN 350 million at interest rate of 7.76%-9.74%. The finances will be raised for 14 days," the CBA said.

The CBA has been holding deposit auctions since 13 June 2016.