ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $500 thousand. The new session opening exchange rate was 4903 manat At the call of $420 thousand and offer of $500 thousand, manat exchange rate dropped 2 points to 4905.
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 4905 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 mln 678 thousand dollars was fixed, which in manat equivalent turned up 13,136 billion. The average cost of one deal was $382571. 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 35,787 billion manat.
An interbanking loan deal on 1 billion manats at 11 percent interes rate was closed. The credit term made up 60 days.