BICE CIRCULATION ON ROUBLE WAS 1,196 BILLION MANATS
In July dealings on the Russian rouble were concluded at the Baku Interbank Currency Exchange (BICE). As the result, the ExchangeвЂ™s circulation on rouble for January-July 2005 was 1 196 800 010 manats, BICE told Trend.
In July dealings on rouble were concluded for the amount of 81 525 000 manats. The average exchange rate for the month was 163,05 manats per 1 rouble. With all these, the average exchange rate for the first seven months of the current year was 171,7073 manats.
In general, on the results of the first seven months of the current year the average exchange rate on rouble reduced from 175,76 manats in March (there were no dealings on rouble in January-Febrary) to 163,05 for July.
As the result the circulation on rouble is 3,295 more of the entire 2004 circulation. (21,13 million roubles or 3623202,44 thousand manats at the average exchange rate of 171,472 RUR/AzM).