The Azerbaijan State News Agency

ECONOMY

TENDERS AT BICEX

Weighted average exchange prices made up 4918 manat for 1 US dollar in Baku Interbank Currency Exchange on November 27.

In the morning, the volume of deals closed by two banks was 1 mln 433 thousand dollars. The new session opening exchange rate was 4916 manat for 1 US dollar. At the volume of offer 1 mln 236 thousand dollars, the call was 1 mln 433 thousand dollars, whereupon the session closing exchange rate dropped to 4918 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 4918 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 500 thousand dollars was fixed, which in manat equivalent turned up 2 billion 459 mln manats.

On instrument USD/AZM T+1 in the BEST the deals were not closed.

In the interbank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 3, 167 billion manat

No deals on credit instrument between the banks were closed on November 27.

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