TENDERS AT BICEX

01.04.2004 [21:05]
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Weighted average exchange prices made up 4923,70 manats for 1 US dollar in Baku Interbank Currency Exchange on April 1.

In the morning, the volume of deals closed by two banks was $801 thousand. The new session opening exchange rate was 4925 manats for 1 US dollar. At the call of $801 thousand and offer of $ 675 thousand the exchange rate of manat dropped 2 point to 4923.

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 4924 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 million 840 thousand dollars was fixed, which in manats equivalent turned up 9,060 billion. The average cost of one deal was $ 368 000. 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 8,924 billion manats.

No deals on credit instrument between the banks were closed on April 1.

TENDERS AT BICEX

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