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Armenia’s Commercial Banks purchase over $90.3mln at intra-banking forex market last week

YEREVAN, November 18. /ARKA/. Armenian commercial banks purchased more than $90.3mln at a weighted average rate of 404.78 drams per $1 in intra-banking foreign exchange market on November 11-15, the press service of the Central Bank reported.

In the same period, about 5.8mln euros and over 759.5mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 541.49drams per €1 and 12.28drams per ruble respectively.

At the same time, about $99.1 mln, about €10.7 mln and about 143.2 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 405.98drams, 545.24drams and 12.46drams respectively.

Dram loans extended by Armenian banks during the week before (November 4-10) totalled 33bln drams; dollar loans amounted to a total of $44.7mln. ($1=405.33drams).   –0–

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