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Armenian banks bought over $85 million at local Forex market on April 16-20

YEREVAN, April 25. /ARKA/. Armenia-based commercial banks bought over $85 million at local forex market on April 16-20 at an average exchange rate of 392.03 drams per one USD, the Central Bank of Armenia told ARKA. It also bought about 7 million euros at 512.94 drams per one euro and 487.5 million Russian rubles at 13.16 drams per one ruble.

In the same time span the banks sold $100.6 million, over €13 million and about 94.1 million rubles
at 393.02, 515.95 and 13.37 drams exchange rates respectively. The banks also bought and sold $350,000 at inter-bank forex market at 392.93 drams per one USD. No transactions in euro or rubles were effected. Besides, from April 9 to 15 the banks provided 25.6 billion drams worth loans in Armenian national currency and $46.6 million loans in USD. ($1 – 392.56 drams). -0-

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