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Armenia’s commercial banks purchase about $69 mln at intra-banking forex market last week

YEREVAN, December 8. /ARKA/. Armenian commercial banks purchased about $69 mln at a weighted average rate of 438.91rams per $1 in intra-banking foreign exchange market on December 1 to December 5, the press service of the Central Bank reported.

In the same period, 7.7 mln euros and about 713.3 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 544.54 drams per €1 and 8.38 drams per ruble respectively.

At the same time, about $145.4mln, €13.1mln and 228.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 442.91drams, 556.85drams and 8.77drams respectively.

Dram loans extended by Armenian banks during the week before (November 24-30) totaled about 48.5bln drams; dollar loans amounted to a total of $75.4mln. ($1=447.86drams). –0–

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