Commercial banks buy $53.8 million at intra-bank market

27.11.2009 20:44
Commercial banks buy $53.8 million at intra-bank market

YEREVAN, November 27, /ARKA/. Armenian commercial banks bought $53.8 million at intra-bank forex market in a time span between November 23-27, at the average weighted exchange rate of 385.94 Drams per one $1, the Central Bank of Armenia said.

It said a total of $59.1 million were sold in the same time span at 387.17 Drams per one US Dollar.

In the inter-bank forex market $400,000 worth deals were concluded at 386 Drams per one US Dollar.

The aggregate volume of deals in US Dollars effected at NASDAQ OMX Armenia between November 23-27 totaled $16.3 million at average weighted exchange rate of 386.01 Drams per $1.

Besides, from November 16 to 22 Armenian commercial banks extended 12.6 billion Drams and $25.6 million credits. ($1 – 386 Drams). -0-


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