TENDERS AT BICEX

03.07.2004 [15:09]
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The weighted average exchange prices made up 4909 manat for 1 US dollar in the Baku Interbank Currency Exchange on July 2.

In the morning, the volume of deals closed by two banks was $1 million 923 thousand. The new session opening exchange rate was 4908 manat. At the call of $1 million 842 thousand and offer of $1 million 923 thousand, rate of manat dropped 1 point to 4909 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 4909 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 mln 7 thousand dollars was fixed, which in manat equivalent turned up 4943 billion. The average cost of one deal was $143 857. 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, RUR/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 44,866 billion manat.

No deals on credit instrument between the banks were on July 2.

TENDERS AT BICEX

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