ECONOMY


TENDERS AT BICEX

Weighted average exchange prices made up 4909,54 manat for 1 US dollar in Baku Interbank Currency Exchange on October 10.

In the morning, the volume of deals closed by two banks was 1million dollars. The new session opening exchange rate was 4910 manat for 1 US dollar. At the volume of offer 1 million dollars, the call was 920 thousand dollars, whereupon the session closing exchange rate rose to 4909 manat 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 4909,85 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 755 thousand dollars was fixed, which in manat equivalent turned up 8,617 billion. The average cost of one deal was 159,545 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand.

On instrument RUR/AZM ТОМ in the BEST a 583 000 deal was closed at the exchange rate 163,50 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 1,150 billion manat and 200 thousand dollars at 10% interest rate yearly.

No deals on credit instrument between the banks were closed on October 10.

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