ECONOMY


TENDERS AT BICEX

Weighted average exchange prices made up 4911 manat for 1 US dollar in Baku Interbank Currency Exchange on October 6.

In the morning, the volume of deals closed by two banks was 11 thousand dollars. The new session opening exchange rate was 4912 manat for 1 US dollar. At the volume of supply of 450 thousand dollars and demand of 400 thousand dollars the manat exchange rate rose to 4911 for 1 US dollar.

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 4911 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 454 thousand dollars was fixed, which in manat equivalent turned up 7,141 billion. The average cost of one deal was 242,333 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand. On instrument RUR/AZM in the BEST a 500 000 roulbles deal was closed at the exchage rate 161,74 manat for 1 RUR

In the interbank credit market functioning in the framework of BEST, the National bank has applied for placing manat credits to total amount of 1,200 billion manat and 200 thousand dollars at 10% interest rate yearly.

No deals on credit instrument between the banks were closed on October 6.

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