ECONOMY
TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was $590 000. The new session opening exchange rate was 4907 manats and remained unchanged. Under call in $ 520 000 and offer $590 000, rate of manat dropped 1 point and made up 4911 manats 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 4909,67 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 6mln 790 thousand dollars was fixed, which in manat equivalent turned up 33,337 billion. The average cost of one deal was $522 308. 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 44,392 billion manat.
No deals on credit instrument between the banks were on July 16.