TENDERS AT BICEX

30.03.2004 [19:49]
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Weighted average exchange prices made up 4926 manats for 1 US dollar in Baku Interbank Currency Exchange on March 30.

In the morning, the volume of deals closed by two banks was $2 million 50 thousand. The new session opening exchange rate was 4925 manats for 1 US dollar. At the call of $1 million 940 thousand and offer of $2 million 50 thousand the exchange rate of manat dropped 1 point to 4926.

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 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 448 thousand dollars was fixed, which in manats equivalent turned up 7,133 billion. The average cost of one deal was $241 333. 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 manats credits to total amount of 8,433 billion manats.

No deals on credit instrument between the banks were closed on March 30.

TENDERS AT BICEX

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