OREANDA-NEWS. September 30, 2010. The Baku Interbank Currency Exchange (BICE) is sure of fine prospects of Guaranteed Money Market (GDR) in the country.

According to director of  BBVB Farhad Amirbayov, today it is difficult to forecast annual volumes of GDR but if to judge on  average daily  turnover,   it is possible to speak courageously about the sum from AZN 5 million to AZN 7 million with various  terms  of fulfillment.

"Actually all will depend on a conjuncture on other segments of the financial market of the country (currency, share etc.),” F. Amirbekov said.

“Actually everything will depend on  business environment in other segments of the country’s finance market (currency, stock and so on),” F.Amirbayov said.

“Presently,  BICE carries out poll  among the banks poll to define sizes, on which terms and limit of lending  for GDR should grow to coordinate it with the Central Bank of Azerbaijan (CBA) and, probably, to introduce  changes to the documents. Process has been  begun after a meeting of market makers of GDR,  which took place a  week ago.

For the time being, the total turnover of GDR makes AZN 3 million over all history of existence.