ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $450 thousand. The new session opening exchange rate was 4930 manat. At the call of $500 thousand and offer of $450 thousand, manat exchange rate rose 1 point to 4929 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 4929 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 861 thousand dollars was fixed, which in manat equivalent turned up 9,173 billion. The average cost of one deal was $232 625. On T+1,T+2 instruments, no deals were closed because of lack of demand.
The banks did not issue proposal on EUR/AZM and RUR/AZM in the BEST.
The banks did not issue proposal on EUR/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 8,536 billion manat.
No deals on credit instrument between the banks were closed on March 16.