Central Bank of Uzbekistan to hold the first deposit auctions

The Central Bank announced that on December 12, two deposit auctions will be held.

Both deposit auctions are with percentage. Deposit terms - 14 and 30 days. Interest rate of the first deposit is 16% and the second one is 17%.

Funds will be deposited on December 12 and accordingly, on December 26, 2018 and January 11, 2019, the funds will be repaid, also, deposit interests will be paid.

In the first deposit (14 days), the maximum amount of funds attracted to the depositary auction is 400 billion sums, the minimal amount offered per claim - 1 billion sums. The maximum amount of funds attracted to the depositary auction in the second (30 days) is 200 billion sums and the minimal amount – 1 billion sums.

A deposit auction is an auction trade appointed by the Central Bank for the placement of deposits in commercial banks.