The Azerbaijan State News Agency

ECONOMY

BICEX TENDERS RESULTS

According to the results of tenders held in the currency section of Baku Inter Bank Currency Exchange /BICEX/, USD / AZM average rate came to 4916 AZM for one US dollar, on August 5.

The volume of the deals closed with the participation 5 banks was fixed at the level of $ 692 thousand, AzerTAC correspondent was informed in information-analytical department of the stock exchange. The opening rate of tenders came to 4916 AZM for one US dollar.

Price of the US currency in exchange system of the electronic tenders BEST (Bourse E-system of trades) was within the limits of the average rate.

At the organized inter-bank credit market functioning in the frame of the BEST system, National Bank put forward applications on placing manat credits for the total amount of 1.1 bn AZM at the interest rate of 10 per cent.

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