TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $718 thousand. The new session opening exchange rate was 4937 manat. At the call of $600 thousand and offer of $718 thousand, manat exchange rate dropped 2 point to 4939 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 4939 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 411 thousand dollars was fixed, which in manat equivalent turned up 2,030 billion. The average cost of one deal was $102 million 750 thousand. On T+1,T+2 instruments, no deals were closed because of lack of demand.
The banks did not issue proposals on EUR/AZM and RUR/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 8,494 billion manat.
No deals on credit instrument between the banks were closed on March 2.
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