TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $ 750 thousand. The new session opening exchange rate was 4931 manat. At the call of $800 thousand and offer of $750 thousand, manat exchange rate rose 1 point to 4930 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 4930 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 900 thousand dollars was fixed, which in manat equivalent turned up 9,367 billion. The average cost of one deal was $172 727. On T+1,T+2 instruments, no deals were closed because of lack of demand.
On instrument RUR/AZM 2 million 250 thousand roubles deal was closed at the exchange rate 173,34 manat for $1.
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 8,387 billion manat.
The AZM 1 billion 800 million manat loan deal at 11 percent interest rate was registered on 15 March. The term of crediting was 16 days.
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