Deals of $54.54m concluded at BICEX, Dec. 22

Deals of $54.54m concluded at BICEX, Dec. 22
# 22 December 2006 16:30 (UTC +04:00)
The weighted average exchange price made up 0.8716 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange today.
BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8717 AZN/USD and deals of AZN 4 785 633 were closed on USD/AZN T+0 instrument. The manat exchange remained unchanged against US dollar.
Deals of AZN 42 750 885 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8716 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $54.54m or AZN 47 536 518.
The average cost per deal was $2 371 304m.
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 14.51% in manats and 14.67% in USD on 90-day instrument. /APA/