Central Bank raised AZN 100 million in a deposit auction


November 24, Fineko/abc.az. The Central Bank of Azerbaijan raised AZN 100 million at yesterday’s deposit auction.

"On 23 November the CBA held another deposit auction for banks, in which it raised AZN 100 million. The supply at the auction was AZN 531 million. The weighted average rate during the auction was 6.01%," the CBA said.

The funds were raised for the period of 14 days.

The CBA started holding deposit auctions in June 2016.