ECONOMY


TENDERS AT BICEX

Weighted average exchange prices made up 4909 manat for 1 US dollar in Baku Interbank Currency Exchange on October 13.

In the morning, the volume of deals closed by two banks was 100 thousand dollars. The new session opening exchange rate was 4909 manat for 1 US dollar. The volume of demand and supply totaled 100 thousand and exchange rate remained unchanged.

There were no trades in the BEST.

In the interbank credit market, functioning in the framework of BEST, banks has applied for placing manat credits to total amount of 1,150 billion manat at 10% interest rate yearly.

No deals on credit instrument between the banks were closed on October 13.

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