ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 96 thousand. The new session opening exchange rate was 466 thousand manat. At the call of $466 thousand and offer of $400 thousand manat exchange rate dropped 2 point to 4937 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 4937,38 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 3 million 245 thousand dollars was fixed, which in manat equivalent turned up 16,022 billion. The average cost of one deal was $324 500. On T+1,T+2 instruments, no deals were closed because of lack of demand.
Proposals on EUR/AZM and RUR/AZM in BEST were not issued by the banks.
In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 9,075 billion manat. No deals on credit instrument between the banks were closed on February 20.