YEREVAN, March 30. / ARKA /. Armenia’s Central Bank said today it had bought $1 million on March 23-29 at NASDAQ OMX Armenia stock exchange paying the average 472.08 drams per $1.
It said also a total of $23.65 million worth transactions (buying and selling USD) were effected at the stock exchange on March 23-29, up significantly from $6.5 million traded a week earlier.
The Armenian dram regained 1.4% last week against the USD, prompted largely by the influx of Iranian tourists who visit Armenia in late March to celebrate Iranian new Year- Nowruz- here.
In all likelihood the Central Bank bought $1 million to replenish its international reserves, which in late January 2015 stood at $1.351.1 billion, having slashed by 10.2% from December 2014.
By the way, in December 2014 their amount was almost 34 percent down from the year before. The regulator did not make any currency intervention this year at the local foreign currency market. -0-
