ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $ 1 mln 500 thousand. The new session opening exchange rate was 4936 manat. At the call of $ 1 mln 500 thousand and offer of $1 mln 633 thousand, manat exchange rate dropped 1 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 4936,56 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 4 million 162 thousand dollars was fixed, which in manat equivalent turned up 20,546 billion. The average cost of one deal was $832 400 thousand. On T+1,T+2 instruments, no deals were closed because of lack of demand.
On instrument RUR/AZM 600 thousand roubles deal was closed at the exchange rate 173,08 for 1 RUR.
The banks did not issue proposal on EUR/AZM in BEST.
In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 8,543 billion manat.
No deals on credit instrument between the banks were closed on March 9.