Deals of $1.4m concluded at BICEX, Dec. 25

Deals of $1.4m concluded at BICEX, Dec. 25
# 25 December 2006 14:57 (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 0.8716 AZN/USD and deals of AZN 1 220 240 were closed on USD/AZN T+0 instrument. The manat exchange remained unchanged against US dollar.
No deals were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat remained unchanged.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $1.4m or AZN 1 220 240.
The average cost per deal was $700,000.
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 14.70% in manats and 14.97% in USD on 90-day instrument. /APA/