Bank Of Baku

Deals peak in Azerbaijan currency exchange network

Deals peak in Azerbaijan currency exchange network
# 29 December 2006 13:24 (UTC +04:00)
The deals closed at Baku Interbank Currency Exchange (BICEX) reached a record high. The amount of deals concluded on the Bourse E-system of Trades (BEST) peaked to AZN 108.499 million (USD 124.505m) yesterday.
BICEX told APA that 14 deals were closed among 14 banks in electronic auctions. The exchange rate of Azeri manat against the US dollar stood at AZN 0.8714/USD1. The total amount of e-trade at the BICEX since early December was USD 340.5 million, which is a record high. The total amount of deals closed on the BEST this year exceeded USD 1.8 million.
The hike of BEST deals is attributed to the increase the liquidity of Azeri manat in the currency market exchange segment and foreign currency sale. /APA/
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