ECONOMY


TENDERS AT BICEX

Weighted average exchange prices made up 4912manat for 1 US dollar in Baku Interbank Currency Exchange on October 27.

In the morning, the volume of deals closed by two banks was 40 thousand dollars. The new session opening exchange rate was 4913 manat for 1 US dollar. At the volume of offer 40 thousand dollars, the initial call was 30 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 352 thousand dollars was fixed, which in manat equivalent turned up 11,553 billion. The average cost of one deal was 235,200 thousand 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 bank has applied for placing manat credits to total amount of 3,114 billion manat

No deals on credit instrument between the banks were closed on October 27

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