Armenia’s Central Bank carried out no intervention last week, dram depreciation at 3.2%

08.12.2014 15:07
Armenia’s Central Bank carried out no intervention last week, dram depreciation at 3.2%

YEREVAN, December 8. /ARKA/. The Central Bank of Armenia (CBA) carried out no interventions on NASDAQ OMX Armenia stock exchange from December 1 to December 7, despite a 3.2% depreciation of the national currency, dram, during the week, the CBA’s press office reported.

Total forex transactions on dollar sale/purchase amounted to $3.5 million only, as compared to $45.5 million from November 24 to November 28, according to the report.

Last week dollar transactions were effected in NASDAQ OMX Armenia on Monday only, at an average weighted rate of 438.62 drams per $1.

Armenian dram hit an eight-year record high after November 24, having jumped by 16.6 points to 435drams per $1. The dram versus dollar rate was 442.33 on December 2 and surged by another 4.03 points to 447.86 drams by the end of the week.

In general, the central bank says it has sold about $236.47 million and has bought some $50.15 million at the currency market since the beginning of the year. ($1 – 447.86 drams). -0-


Tags: , ,

Partners news
Loading...

Related Posts