TENDERS AT BICEX

02.08.2004 [20:14]
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The weighted average exchange prices made up 4902,99 manats for 1 US dollar in the Baku Interbank Currency Exchange on August 2 .

In the morning, the volume of deals closed by two banks was $25 000. The new session opening exchange rate was 4903 manats and remained unchanged. At the call of $25 000 and offer of $16 000, manat exchange rate rose one point to 4902.

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 4903 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 4 mln 26 thousand dollars was fixed, which in manats equivalent turned up 20,230 billion. The average cost of one deal was $375 091. On USD/AZM T+1, T+0 instrument in BEST, no deals were closed because of lack of demand.

On instrument RUR/AZM in the BEST a 50 thousand euros deal was closed at the rate of 5937,00 manats for 1 RUR.

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 manats credits to total amount of 35,851 billion manats.

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

TENDERS AT BICEX

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