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Results of 6 February Exchange’s Trading Session at BBVB Announced

Business Materials 6 February 2008 20:18 (UTC +04:00)

Azerbaijan, Baku, 6 February / Trend / As a result of the trading session held at the Baku Interbank Currency Exchange (BBVB) on 6 February, the average sustained exchange rate of USD/AZN totalled AZN 0.8449 to 1 USD.

The rate of USD/AZN, at the opening of the morning session at the Bourse E-system of trades-BEST, was AZN 0.8449 to $1. No deals were concluded on USD/AZN T+0 tool. As a result of the session, the AZN rate remained unchanged.

During the daily session at BEST, no deal with USD/AZN T+0 tool was fixed. As a result of the session, the AZN rate remained unchanged.

Therefore, both the sessions did not conclude any deal.

Due to the absence of demand for dealers, no deal was concluded on USD/AZN T+1, T+2 and SWAP_USD/AZN tools. The banks did not place appeals on RUB/AZN tools at BEST.

The BakiBOR index, calculated on the basis of appeals by market makers on 90-day tools, made up 15.25% in manats and 15.79% in dollars a year, at the organized inter-bank credit market functioning at the BEST system.

A deal in the amount of 350,000 USD -with 15% for a period of 90 days, was concluded at the organized inter-bank credit market functioning at the BEST.

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