ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 686 thousand dollars. The new session opening exchange rate was 4912 manat for 1 US dollar and remained unchanged. At the volume of offer 686 thousand dollars, the call was 636 thousand dollars, whereupon the session closing exchange rate rose to 4911 manat for 1 US dollar.
According the results of the voice trading, the price for American currency appeared in the banks proposals in the electronic system of trades BEST was limited by 4914 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 200 thousand dollars was fixed, which in manat equivalent turned up 983 million. The average cost of one deal was 184,167 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand. Proposals on EUR/AZM, RUR/AZM in BEST were not issued by the banks.
In the interbank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 3,114 billion manat
No deals on credit instrument between the banks were closed on November 11.
