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Azerbaijan’s Central Bank to raise 100M manats at auction


The Central Bank of Azerbaijan (CBA) will hold a deposit auction on August 28 to raise funds, said the CBA told APA.

 

The CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01 percent to 14.99 percent.

 

The auction will be held on the Bloomberg trading platform. The funds will be placed for a period of 14 days.

 

 

 

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