TENDERS AT BICEX

24.03.2004 [17:41]
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Weighted average exchange prices made up 4925 manat for 1 US dollar in Baku Interbank Currency Exchange on March 23.

In the morning, the volume of deals closed by two banks was $520 thousand. The new session opening exchange rate was 4926 manat. At the call of $560 thousand and offer of $520 thousand, manat exchange rate rose 1 point to 4925 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 4925 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 971 thousand dollars was fixed, which in manat equivalent turned up 9,707 billion. The average cost of one deal was $246 375. 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 9,125 billion manat.

No deals on credit instrument between the banks were closed on March 23.

TENDERS AT BICEX

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