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Around $86.8 million bought by Armenian banks last week

YEREVAN, November 5. /ARKA/. Armenia’s commercial banks bought around $86.8 million from the local foreign currency market on October 1 to 5 at the average weighted exchange rate of 485.58 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 10.7 million euros and 1 664.7 million Russian rubles at the average weighted exchange rates of 550.94 and 7.36 drams per one euro and one ruble respectively.

The banks also sold about $93.5 million, € 21.7 million and 780.8million rubles at average weighted exchange rates of 487.08, 555.13 and 7.45 drams respectively.

No dollar exchange transactions have been effected at NASDAQ OMX Armenia stock exchange over the mentioned period.

In addition, from September 22 to 28, the banks have provided 58.3 billion drams worth loans in the national currency and $45.5 million worth loans in USD. ($ 1- AMD 487.16 drams). -0—-

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