Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) raised 150 million manats from banks at a deposit auction on Oct. 14, CBA reports.

The supply exceeded the demand almost four times and reached 582.8 million manats.

The interest rate on deposit transactions concluded within the auction was 6.26 percent. Term of placement of funds is 14 days.

The CBA started to hold deposit auctions in mid-June 2016. Deposit auction is an auction during which the deposits of commercial banks are placed in CBA. The main aim of such auction is sterilization of money supply.

Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on March 18, according to the CBA.

The bank noted that the demand at the auction amounted to 439.2 million manats.

The weighted average interest rate on deposit transactions concluded within the auction was 7.01 percent.

The CBA has started to hold deposit auctions since mid-June 2016.

Deposit auction is a tender in which the Central Bank attracts deposits from commercial banks. The main purpose of such auctions is sterilization of money supply.

Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on Jan. 7, the CBA reports.

The bank noted that the demand at the auction amounted to 902.7 million manats. The weighted average interest rate on deposit transactions concluded within the auction was 7.76 percent.

The CBA has started to hold deposit auctions since mid-June 2016.

Deposit auction is a tender in which the Central Bank attracts deposits from commercial banks. The main purpose of such auctions is the sterilization of money supply.

Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on Nov. 19, CBA said in a message.

According to the message, the demand at the auction amounted to 1.308 billion manats. The weighted average interest rate on deposit transactions concluded within the auction was 7.76 percent.

The CBA has started to hold deposit auctions since mid-June 2016.

Deposit auction is a tender in which the Central Bank attracts deposits from commercial banks. The main purpose of such auctions is the sterilization of money supply.

(1.7 manats = $1 on Nov. 19)

Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on Aug. 20, CBA said in a message.

According to the message, the demand at the auction amounted to 569.29 million manats. The weighted average interest rate on deposit transactions concluded within the auction was 8.01 percent.

The CBA has started to hold deposit auctions since mid-June 2016.

Deposit auction is a tender in which the Central Bank attracts deposits from commercial banks. The main purpose of such auctions is the sterilization of the money supply.

(1.7 manats = $1 on Aug. 20)