The Ministry of Finance has resumed deposit auctions.
“Elchi” reports, citing the Ministry of Finance, that in order to more efficiently manage state budget funds, a deposit auction was organized to place treasury account funds in national currency into deposits at local banks.
Based on the auction results, a balance of 73 million manats from the treasury account was placed in deposits at four commercial banks in the country for a period of 28 days, at a weighted average interest rate of 7.24%.