TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $500 thousand. The new session opening exchange rate was 4916 manat for 1 US dollar. At the call of $500 thousand and offer of $430 thousand, manat exhange rate rose 2 point to 4915.
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 4916 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 mln 227 thousand dollars was fixed, which in manat equivalent turned up 6, 032 billion. The average cost of one deal was $204 500. 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 35,743 billion manat.
No deals on credit instrument between the banks were closed on May 18.
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