TENDERS AT BICEX

12.04.2004 [20:18]
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Weighted average exchange prices made up 4922,73 manats for 1 US dollar in Baku Interbank Currency Exchange on April 12.

In the morning, the volume of deals closed by two banks was $150 thousand. The new session opening exchange rate was 4924 manats for 1 US dollar. At the call of $150 thousand and demand of $100 thousand manat exchange rate rose 2 points to 4922.

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 4922,78 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 million 38 thousand dollars was fixed, which in manats equivalent turned up 10,033 billion. The average cost of one deal was $185 273. 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 9,772 billion manats.

No deals on credit instrument between the banks were closed on April 12.

TENDERS AT BICEX

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