TENDERS AT BICEX

11.03.2004 [10:53]
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Weighted average exchange prices made up 4933,98 manat for 1 US dollar in Baku Interbank Currency Exchange on March 10.

In the morning, the volume of deals closed by two banks was $2 mln 50 thousand. The new session opening exchange rate was 4937 manat. At the call of $ 2 mln 50 thousand and offer of $1 mln 860 thousand, manat exchange rate rose 3 point to 4934 for 1 US dollar.

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 4933,97 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 4 million 647 thousand dollars was fixed, which in manat equivalent turned up 22,928 billion. The average cost of one deal was $663 857 thousand. On T+1,T+2 instruments, no deals were closed because of lack of demand.

On instrument RUR/AZM 600 thousand roubles deal was closed at the exchange rate 173,08 for 1 RUR.

The banks did not issue proposal on EUR/AZM in BEST.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 8,441 billion manat.

No deals on credit instrument between the banks were closed on March 10.

TENDERS AT BICEX

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