Central Bank notes with longer maturity
Along with the transition to “T+1” regime for settlements on transactions with notes of the Central Bank of the Republic of Azerbaijan, another recent change concerning the notes is related to the period based diversification of the sterilization portfolio. Thus, the Central Bank has taken a decision on placement of notes with a maturity period of 84, 168 and 252 days.
The first auction of Central Bank notes with a turnover period of 84 days was held at Baku Stock Exchange on September 20, 2019.
It is worth to recall that the Central Bank notes have been issued for a period of 28 days until now.