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Deals of $470 000 concluded on BICEX, Sep. 22

22 September 2008 14:31 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8106 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 0.8123 AZN/USD and no deals were closed on USD/AZN T+0 instrument.
Deals of AZN 380 982 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8106 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $470 000 or AZN 380 982.
On USD/AZN T+1, T+2 instruments and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.
No bids on RUB/AZN and EUR/AZN T+1instruments were made by banks.
In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 16.00% in manats and 16.75% in USD on 90-day instrument.
Two interbank deals of $7 million and $1 million were signed at 16.00% and 16.50% for 90 and 120 days.