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Business & Economy: Active Operations In Armenian Financial Market

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  • Business & Economy: Active Operations In Armenian Financial Market

    ACTIVE OPERATIONS IN ARMENIAN FINANCIAL MARKET

    news.am
    Sept 2 2011
    Armenia

    YEREVAN. - This week foreign currency transactions grew more actively
    in Armenian financial market.

    According to the Central Bank, banks purchased a total of $81,5
    million and sold $93,2 million between August 29 and September 2.

    Increase in foreign currency transactions basically accounts for
    growth of demand for stationery and other educational staff.

    On August 22-28 banks provided loans in national currency in the
    amount of AMD 25, 5 billion (around $70 million) and dollar loans of
    $42 million. These figures are considered rather high on weekly basis.

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