ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $790 thousand. The new session opening exchange rate was 4925 manat. At the call of $711 thousand and offer of $790 thousand, manat exchange rate dropped 1 point to 4926 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 4926 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 976 thousand dollars was fixed, which in manat equivalent turned up 9,734 billion. The average cost of one deal was $179 636. 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.
In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 8,925 billion manat.
No deals on credit instrument between the banks were closed on March 25.