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Armenian commercial banks buy $95 million at local foreign currency market December 20-24

YEREVAN, December 24, /ARKA/. Armenian commercial banks bought a total of $95 million at local foreign exchange market from December 20 to December 24 at an average weighted exchange rate of 359.19 Drams per one USD, the Central Bank of Armenia said.

In the same time span they sold a total of $105.3 million at 360.3 Drams per one USD. Also some $8.95 million worth deals in US Dollars were effected at NASDAQ OMX Armenia stock exchange .

The volume of deals at inter-bank forex market was $2.05 million. The deals were effected at an average weighted exchange rate of 360.49 Drams per $1.

Besides, from December 13 to December 16 Armenian commercial banks extended 24 billion Drams loans in Armenia’s national currency and $56.8 million loans in US Dollars. ($1 – 360.84 Drams). -0-

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