The Azerbaijan State News Agency

ECONOMY

TENDERS AT BICEX

The weighted average exchange prices made up 4906,25 manats for 1 US dollar in the Baku Interbank Currency Exchange on July 22.

In the morning, the volume of deals closed by two banks was $225 000. The new session opening exchange rate was 4907 manats and remained unchanged. At the call of 185 thousand and offer of 225 manat exchange rate dropped 1 point to 4908.

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 4906,19 manats for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 6 mln 630 thousand dollars was fixed, which in manats equivalent turned up 35,195 billion. The average cost of one deal was $630 thousand. 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 RUR/AZM, EUR/AZM.

In the inter-bank credit market functioning in the framework of BEST, the banks have applied for placing manats credits to total amount of 44,375 billion manats.

No deals on credit instrument between the banks were on July 22.

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