TENDERS AT BICEX

12.03.2004 [11:26]
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Weighted average exchange prices made up 4933,02 manat for 1 US dollar in Baku Interbank Currency Exchange on March 11.

In the morning, the volume of deals closed by two banks was $ 105 thousand. The new session opening exchange rate was 4934 manat. At the call of $105 thousand and offer of $80 thousand, manat exchange rate rose 2 point to 4932 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 4933,03 manat for 1 US dollar. On USD/AZM T+0 instrument in BEST, the volume of 6 million 621 thousand dollars was fixed, which in manat equivalent turned up 33,648 billion. The average cost of one deal was $1 136 833. 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 manat credits to total amount of 8,440 billion manat.

The USD 200-thousand loan deal at 11 percent interest rate was registered on 11 March. The term of crediting was 31 days.

TENDERS AT BICEX

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