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ECONOMY

BICE AUCTION RESULTS MADE PUBLIC

31.07.2003 [14:13]
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On the results of auction held in the currency section of the Baku Inter-bank Exchange (BICE), average weighted exchange price USD/AZM on July 30 was equal to 4918 manats for USD1.

As AzerTAj correspondent was informed at the informational and analytical department of the Exchange, in the morning on the results of voice auction, the capacity of concluded bargains amounted to USD300 thousand. The rate of opening of trade session was equal to 4918 manats for 1USD. The demand satisfied supply, while the rate for closing session remained unchanged.

Price of American currency, figuring in the bank claims in the exchange system of e-auction BEST was within the rate of average weighted.

Claims on manat credits placement on total sum of 1.1 billion manats on 10% of annual were made in the organized inter-bank credit market, functioning in the frameworks of BEST system. Deals on credit instruments on the exchange between the banks were not concluded on July 30.

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