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Armenian banks buy $60.1 million at local foreign exchange market January 17-21

YEREVAN, January 21, /ARKA Armenian commercial banks bought a total of $60.1 million at the local inter-bank foreign exchange market between January 17-21 at an average exchange rate of 365.71 Drams per one USD, the Central Bank of Armenia reported. It said also the banks sold $67.3 million in the same time span at the average weighted exchange rate of 367.2 Drams per one USD.

The aggregated volume of deals effected at NASDAQ OMX Armenia exchange in USD amounted to $16.5 million at 368. 5 Drams per one USD. Also some $2.3 million worth forex deals were effected at intra-bank market at an average exchange rate of 366.72 Drams per one USD.

The banks also extended 17.7 billion Drams worth credits between January 17-21 in Armenian national currency and $28 million loans in USD. ($1 – 367.39 Drams).  -0-

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