(MENAFN - AzerNews) By
The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 250 million manats with a maturity period of 28 days, the BSE said in a message on January4.
The message says that the demand was lower than the supply banks applied for 80.06 million manats at par value.
The deadline for payments on the notes is Jan. 31, 2018.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.
(1.7001 manats = 1$ on Jan. 4)
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