ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 780 thousand dollars. The new session opening exchange rate was 4922 manat for 1 US dollar. At the volume of offer 700 thousand dollars, the call was 780 thousand dollars, whereupon the session closing exchange rate dropped to 4923 manat for 1 US dollar.
According the results of the voice trading, the price for American currency appeared in the bank proposals in the electronic system of trades BEST was limited by 4920,15 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 27 mln 367 thousand dollars was fixed, which in manat equivalent turned up 134,650 billion. The average cost of one deal was 2 487 909 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand.
Proposals on RUR/AZM EUR/AZM in BEST were not issued by the banks.
In the inter-bank credit market functioning in the framework of BEST, the banks has applied for placing manats credits to total amount of 3,068 billion manat.
The Interbank deal on 1 billion manat loan at 10 percent year was closed. Term of crediting made up 7 days.