ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $500 thousand. The new session opening exchange rate was 4909 manat for 1 US dollar. At the call of $500 thousand and offer of $420 thousand, manat exchange rate rose 2 point to 4911.
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 4911 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 mln 547 thousand dollars was fixed, which in manat equivalent turned up 12,508 billion. The average cost of one deal was $318 375. On T+1,T+2 instruments, no deals were closed because of lack of demand.
On instrument RUR/AZM in the BEST, 500-thousand deal was closed at the exchange rate 169,74 manats for 1 RUR.
The banks did not issue proposal on EUR/AZM in the 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 38,816 billion manat. The interbank loan deal on 1 billion 500 million manats at 10 percent interest rate was registered. The term of crediting was 21 days.