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Deals of $875 000 closed on BICEX, Sep. 23

23 September 2008 15:47 (UTC +04:00)

Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8071 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 0.8106 AZN/USD and deals of AZN 625 890 were closed on USD/AZN T+0 instrument.
Deals of AZN 80 710 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8071N/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $875 000 or AZN 706 600.
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 15.81 manats and 16.81in USD on 90-day instrument.
An iterbank deal of $1million was made at 17.00% for 90 days.