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ECONOMY

TENDERS AT BICEX

23.04.2004 [20:47]
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The weighted average exchange prices made up 4919,19 manats for 1 US dollar in the Baku Interbank Currency Exchange on April 23.

In the morning, the volume of deals closed by two banks was $ 1 mln 700 thousand. The new session opening exchange

rate was 4919 manats for 1 US dollar. At the call of $1 million 500 thousand and offer of $1 mln $700 thousand, manat exchange rate dropped 1 point to 4920.

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 4918,77 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 3 million 246 thousand dollars was fixed, which in manats equivalent turned up 15,966 billion. The average cost of one deal was $405 750. On T+1,T+2 instruments, no deals were closed because of lack of demand.

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

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manats credits to total amount of 18,103 billion manats.

No deals on credit instrument between the banks were closed on April 23.

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