The Azerbaijan State News Agency

ECONOMY

TENDERS AT BICEX

Weighted average exchange prices made up 4935 manat for 1 US dollar in Baku Interbank Currency Exchange on February 6.

In the morning, the volume of deals closed by two banks was 552 thousand dollars. The new session opening exchange rate was 4935 manat and remained unchanged. The call and offer have totaled $522 thousand.

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 4935 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1 mln 659 thousand dollars was fixed, which in manat equivalent turned up 8,187 billion. The average cost of one deal was $237 000. On T+1,T+2 instruments, no deals were closed because of lack of demand.

Proposals on RUR/AZM, EUR/AZM in BEST were not issued by the banks.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 9, 074 billion manat.

No deals on credit instrument between the banks were closed on February 6.

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