Today.Az » Business » Demand for CBA notes exceeds supply by over three times
18 October 2018 [13:20] - Today.Az
By Trend
The Baku Stock Exchange (BSE) held a regular auction for placement of short-term notes of the Central Bank of Azerbaijan (CBA) worth 250 million manats with a circulation period of 28 days, BSE said. The demand during the auction exceeded the supply 3.4 times - the banks applied for 845.5 million manats, the message says. The deadline for payment on notes is November 14, 2018. The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire notes. (1.7 AZN = 1 USD on October 17)
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