Azerbaijan`s Central Bank raised AZN 100 million in a deposit auction

12:14 - 16.03.2020

March 16, Fineko/abc.az. The Central Bank of Azerbaijan raised AZN 100 million in a deposit auction.

"On 16 March the CBA held another deposit auction for banks, in which it raised AZN 100 million. The offer in the auction totaled AZN 255 million. The weighted average bid during the auction made up 5.51%, " the CBA reported.

The funds were raised for the period of 14 days.

The CBA started holding deposit auctions from June 2016.

 

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