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Armenian Commercial Banks Purchase $60.8 Million And Sell $66.5 Mill

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  • Armenian Commercial Banks Purchase $60.8 Million And Sell $66.5 Mill

    ARMENIAN COMMERCIAL BANKS PURCHASE $60.8 MILLION AND SELL $66.5 MILLION IN ONE WEEK

    ARKA
    DECEMBER 4, 2009
    YEREVAN

    YEREVAN, December 4, /ARKA/. Armenian commercial banks purchased
    $60.8 million at intra-bank forex market on November 30-December 4
    at the average weighted exchange rate of 385.09 Drams per one USD,
    the Central Bank of Armenia said. It said $66.5 million were sold in
    the same week at 386.13 Drams per one USD.

    In inter-bank forex market a total of $400,000 worth deals were
    concluded at the average weighted exchange rate of 385 Drams per $1.

    The overall amount of deals concluded at NASDAQ OMX Armenia stock
    exchange totaled $16.1 million at 385.33 Drams per $1. In November
    23-29 time span Armenian banks extended 14.6 billion Dram and $27.1
    illion credits. ($1- 385.21 Drams).
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