The Azerbaijan State News Agency

ECONOMY

TENDERS AT BICEX

The weighted average exchange prices made up 4906 manats for 1 US dollar in the Baku Interbank Currency Exchange on July 12.

In the morning, the volume of deals closed by two banks was $100 000. The new session opening exchange rate was 4906 manats and remained unchanged. The call and offer totaled $100 000.

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 4906 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 1mln 183 thousand dollars was fixed, which in manat equivalent turned up 8,804 billion. The average cost of one deal was $236 600. On USD/AZM T+1, T+0 instrument in BEST, no deals were closed because of lack of demand.

Deals were not made on instrument EUR/AZM, RUR/AZM.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manat credits to total amount of 44,376 billion manat.

No deals on credit instrument between the banks were on July 12.

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