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Armenia’s commercial banks purchase over $80.8mln at intra-banking forex market last week

YEREVAN, May 29. /ARKA/. Armenian commercial banks purchased more than $80.8mln at a weighted average rate of 415.62drams per $1 in intra-banking foreign exchange market in the period from May 20 to 24, the press service of the Central Bank reported.

In the period, about 4mln euros and over 607mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 533.96drams per €1 and 13.19 drams per ruble respectively.

At the same time, about $94.6mln, about €10.6mln and about 116.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 416.65drams, 537.75drams and 13.37drams respectively.

Dram loans extended by Armenian banks during the week before (May 13-19) totalled 35bln drams; dollar loans amounted to a total of $39.4mln. ($1=415.35drams).–0–

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