Armenia’s Commercial Banks purchase over $77.2 mln at intra-banking forex market last week

YEREVAN, November 11. /ARKA/. Armenian commercial banks purchased more than $77.2mln at a weighted average rate of 405.18drams per $1 in intra-banking foreign exchange market on November 4-8, the press service of the Central Bank reported.

In the same period, about 11.2mln euros and over 810mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 5476drams per €1 and 12.42drams per ruble respectively.

At the same time, about $89mln, about €14.5mln and about 109.1mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.40drams, 549.94drams and 12.59drams respectively.

Dram loans extended by Armenian banks during the week before (October 28- November 3) totalled 43.7bln drams; dollar loans amounted to a total of $64.2mln. ($1=405.95drams). –0–

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