TENDERS AT BICEX
In the morning, the volume of deals closed by two banks was 700 thousand dollars. The new session opening exchange rate was 4912 manat for 1 US dollar. At the volume of offer 1million 631 thousand dollars, the initial call was 700 thousand dollars, whereupon the session closing exchange rate rose 1 point to 4913 manat for 1 US dollar.
According the results of the voice trading, the price for American currency appeared in the banks proposals in the electronic system of trades BEST was limited by 4913 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 2 million 444 thousand dollars was fixed, which in manat equivalent turned up 12,007 billion. The average cost of one deal was 271,556 dollars. On T+1,T+2 instruments, no deals were closed because of lack of demand. Proposals on EUR/AZM, RUR/AZM in BEST were not issued by the banks.
In the interbank credit market functioning in the framework of BEST, the National bank has applied for placing manat credits to total amount of 2 billion manat and 200 thousand dollars at 10% interest rate yearly.
No deals on credit instrument between the banks were closed on September 9.
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