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Government securities market slumps in Azerbaijan

Government securities market slumps in Azerbaijan

03 November 2009 11:27 (UTC +04:00)

Baku. Nijat Mustafayev - APA-ECONOMICS. Azerbaijan saw a two-fold decline in the government securities market from January to September 2009, said the State Committee for Securities.

According to statistics, the amount of transactions fell by 54.2% to 2 654 981 000 manats and the number of transactions halved.

However, government bonds nearly doubled (91%) to 511 026 206 manats during this period.

The volume of transactions on the Central Bankâ€™s notes fell by 79.2% year-on-year to 332 243 733 million.

Repo and reverse repo transactions plunged by 54.1% to 1 811 711 061 manats.

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