Deals of $960 000 concluded on BICEX, May 22

Deals of $960 000 concluded on BICEX, May 22
# 22 May 2009 15:16 (UTC +04:00)
Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8033 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.

BICEX said the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8033 AZN/USD and no deals were closed on USD/AZN T+0 instrument.

Deals of AZN 771 456 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8033 AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $960 000 or AZN 771 456.
The average cost per deal was $480 000.

In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.94% in manats and 16.21% in USD on 90-day instrument.
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THE OPERATION IS BEING PERFORMED