Central Bank of Azerbaijan to put up notes for auction
13.12.2016 12:01
An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) Dec. 14, the BSE said Dec. 12.
The notes are worth 75 million manats (1.743 AZN/USD on Dec. 12).
Some 750,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is Jan. 11, 2017.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
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