TENDERS AT BICEX

07.06.2004 [22:17]
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The weighted average exchange prices made up 4907,48 manat for 1 US dollar in the Baku Interbank Currency Exchange on June 7.

In the morning, the volume of deals closed by two banks was $627 thousand. The new session opening exchange rate was 4907 manat. Call and offer was 627 thousand dollars.

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 4907,55 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 4 mln 150 thousand dollars was fixed, which in manat equivalent turned up 20,366 billion. The average cost of one deal was $518750. On USD/AZM T+1, T+0 instrument in BEST, no deals were closed because of lack of demand.

Deals were not made on instrument EUR/AZM . The banks did not issue proposal on 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 39,820 billion manat.

No deals on credit instrument between the banks were on June 7.

TENDERS AT BICEX

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