Central Bank raised AZN 350 million at deposit auction


January 21, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held another deposit auction.

The CBA reports that on 21 January it raised AZN 350 million in the auction.

"The supply at the deposit auction amounted to AZN 701.9 million. The weighted average interest rate made up 7.76%," the CBA reported.

The funds were raised for 14-day term.

The CBA started holding deposit auctions from June 2016.