ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 200 thousand dollars. The new session opening exchange rate was 4914 manat for 1 US dollar. Demand and proposals made up $ 200 thousand.
According the results of the voice trading, the price for American currency appeared in the banks proposals in the electronic system of trades BEST was limited by 4914 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 million 483 thousand dollars was fixed, which in manat equivalent turned up 12,201 billion. The average cost of one deal was 275,889 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand. Proposals on EUR/AZM, RUR/AZM in BEST were not issued by the banks.
In the interbank credit market functioning in the framework of BEST, the National bank has applied for placing manat credits to total amount of 1,2 billion manat and 200 thousand dollars at 10% interest rate yearly.
No deals on credit instrument between the banks were closed on September 11.