Bank Of Baku

BICEX currency turnover decreases by 21% in December

BICEX currency turnover decreases by 21% in December
# 10 January 2011 12:58 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. 56 deals were registered at 44 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during December. The auctions were attended by 20 banks.

The total volume of e-trades of currency section in accounting month has made 111.280 million in manats or 139.530 millions in dollar equivalent, down AZN 29.5 mln or 21% compared to November.

The average daily turnover in “Bourse E-System of Trades” on USD/AZN reached approximately $ 6.342 millions, then that the average volume of each transaction has made $ 2.492 millions.

At the same time, Joint-stock Commercial “International Bank of Azerbaijan” has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him (35.05%). “Azerbaijan Industry Bank” (14.61%), “Unibank” (4.43%), “Expressbank” (3.23%) and “Bank SilkWay” (3.01%) also included in the number of the leading dealers of organized currency market.
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