TENDERS AT BICEX

30.06.2004 [15:17]
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The weighted average exchange prices made up 4904,84 manat for 1 US dollar in the Baku Interbank Currency Exchange on June 29.

In the morning, the volume of deals closed by two banks was $200 000. The new session opening exchange rate was 4903 manat and remained unchanged. At the call of $160 thousand and offer of $200 thousand, rate of manat dropped 1 point to 4904 for 1 dollar.

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 4904,87 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 4 mln 801 thousand dollars was fixed, which in manat equivalent turned up 23,548 billion. The average cost of one deal was $1 600 333. 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.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 37,116 billion manat.

No deals on credit instrument between the banks were on June 29.

TENDERS AT BICEX

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