Armenia’s commercial banks purchase about $89.5 mln at intra-banking forex market last week

YEREVAN, September 16. /ARKA/. Armenian commercial banks purchased about $89.5mln at a weighted average rate of 48.88rams per $1 in intra-banking foreign exchange market on September 8 to 12, the press service of the Central Bank reported.

In the same period, 10.1 mln euros and about 1 bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 527.61 drams per €1 and 10.92 drams per ruble respectively.

At the same time, about $99.5mln, about €13.8mln and 106.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 409.95drams, 531.04drams and 11.08drams respectively.

Dram loans extended by Armenian banks during the week before (September 1-8) totaled about 33.6bln drams; dollar loans amounted to a total of $34.6mln. ($1=409.06drams). –0–

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