TENDERS AT BICEX

19.10.2004 [21:27]
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The weighted average exchange prices made up 4903 manats for 1 US dollar in the Baku Interbank Currency Exchange on October 19.

The average-weighted dollar exchange rate was 4903,64 AZM/USD at the morning session on US currency today in the BEST (Bourse E-system of trades). Volume of USD/AZM T+0 made up 158 thousand dollars.

In the afternoon session, the volume of 1 million 70 thousand was fixed. Thus, the weighted average exchange rate was 4903 manats.

Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled $1 million 70 thousand, which in manat equivalent turned up 5 billion 246 million. The average cost of one deal was $169 000. On USD/AZM T+1, T+2 instrument in BEST, no deals were closed because of lack of demand. Deals were not made on instrument RUR/AZM, 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 32,151 billion manats. No deals on credit instrument between the banks were on October 19.

TENDERS AT BICEX

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