ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 150 thousand dollars. The new session opening exchange rate was 4911 manat for 1 US dollar. At the volume of offer 115 thousand dollars, the demand was 150 thousand dollars, whereupon the session closing exchange rate rose to 4912 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 4912 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 million 250 thousand dollars was fixed, which in manat equivalent turned up 11,052 billion. The average cost of one deal was 321,429 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand.
On instrument RUR/AZM ТОМ in the BEST 2 million RUR deal was closed at the exchange rate 163,89 manat for 1 RUR.
In the interbank credit market functioning in the framework of BEST, the National bank has applied for placing mantn credits to total amount of 1,200 billion manat at 10% interest rate yearly and 200 thousand dollars at 8% interest rate.
No deals on credit instrument between the banks were closed on October 20.