Central Bank plans raising AZN 350 million at deposit auction


November 8, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has announced another deposit auction.

According to the CBA, the auction will be held on 12 November on the Bloomberg trading platform.

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

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