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DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS

Politics Materials 16 February 2006 12:01 (UTC +04:00)

Oil market

The quotations of fuel futures dropped last week (6 10 Feb) due to as minimum two reasons. First the situation around Iran and the situation with the commodity reserves of oil, oil products and natural gas in America, the biggest worn energy consumer.

However, last was crucial not only for the fell market, but also other commodity markets. As a result of the week the future of the food futures, including coffee, sugar, corn, beans and wheat also dropped. Cacao was the only exclusion, which increased in process.

Currency market

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan increased by 0.0006 point or 0,066%. Average rate over 5 working days was established as 0.91452 manats per 1 US dollar.

Last week maximum rate of US dollar in regard to manat was established on 6-7 February (0.9148 manats per 1 US dollar), minimum 9-10 February (0.9142 manats per US dollar).

As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) grew by 0.0007 points or 0,077. Average rate over 5 working days of the last week was established as 0.914425 manats per US dollar.

Last week maximum rates of US dollar in regard to Azerbaijani manat was fixed on 7 February (0.9148 manats per 1 US dollar), minimum on 10 February (0.9141 manats per 1 US dollar).

Last week turnover of BSEX comprised $3,521m.

No deal with Russian rubles was carries out.

Privatization shares market

The prices of privatization shares remained unchanged in this period.

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