Baku. Vahab Rzayev – APA-Economics. According to decision of Board of Directors of the Central Bank of Azerbaijan the new parameters of issues of Guaranteed Money Market were defined. According to BICEX, the maximum sum of credit funds involved by 1 participant of market has been increased from AZN 1 to AZN 2 mln, term of loan from 30 days to 90 days.
Note that, GMM has been in operation since October 21, 2009, in accordance to contract signed by CBA, BICEX and several market-makers (Demirbank, AGBank, Bank Nikoil, Standard Bank, Pasha Bank, Unibank and Bank of Baku). Then, Rabitabank, Turanbank and AFB Bank has joined the contract.
Opportunities of Guaranteed Money Market extended in Azerbaijan
10 January 2011 13:48 (UTC +04:00)
İDMAN XƏBƏR
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