ECONOMY


TENDERS AT BICEX

Weighted average exchange prices made up 4923,79 manat for 1 US dollar in Baku Interbank Currency Exchange on December 25.

In the morning, the volume of deals closed by two banks was 184 thousand dollars. The new session opening exchange rate was 4923 manat for 1 US dollar and remained unchanged. The demand and supply totaled $184 thousand.

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 4924 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 700 thousand dollars was fixed, which in manat equivalent turned up 3,447 billion. The average cost of one deal was 350 thousand dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand.

On instrument RUR/AZM ТОM in the BEST a 500-thousand deal was closed at the exchange rate 168,52 manat for 1 RUR.

Proposals on 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 3,139 billion manat.

Deals on credit instruments between the banks were not concluded, on December 25.

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