ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 556 thousand. The new session opening exchange rate was 4937 manat. At the call of $500 thousand and offer of $556 thousand manat exchange rate dropped 1 point to 4938 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 4938 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 3 million 904 thousand dollars was fixed, which in manat equivalent turned up 19,278 billion. The average cost of one deal was $488 thousand. 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 9,475 billion manat.
No deals on credit instrument between the banks were closed on February 25.