ECONOMY
TENDERS AT BICEX
The average-weighted dollar exchange rate was 4593,88 AZM/USD at the morning session on US currency today in the BEST (Bourse E-system of trades). Deals on instrument USD/AZM T+0 were not made up. Manat exchange remained stable.
In the afternoon session, the volume of $551 thousand was fixed. Thus, the weighted average exchange rate was 4592,00 manats.
Thus, the volume of trades in the instrument USD/AZM T+0 for both sessions totaled 551 thousand, which in manat equivalent turned up 2 bln 530 million. The average cost of one deal was $183 667. 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.On instrument EUR/AZM in the BEST deals were not closed. In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manats credits to total amount of 17,770 billion manats. No deals on credit instrument between the banks were on October 19.