Central Bank cells $6 million at forex market at 470.22 drams per one US dollar

12.12.2014 17:11
Central Bank cells $6 million at forex market at 470.22 drams per one US dollar

YEREVAN, December 12. / ARKA /. The Central Bank of Armenia sold today $6 million at the local forex market at the average weighted exchange rate of 470.22 drams per one US Dollar.

The Central Bank said on Monday that it will be selling $6 million to local commercial banks daily until the end of this week and publicize information about these transactions.

The regulator said also daily currency sales will be gradually lowered in the following weeks. It said the shift to this new policy was prompted by the need to stabilize the situation in the financial market.

The average market value of the Armenian national currency, the dram, has plunged further today by 3.72 percentage points to 462.81 per one US Dollar, according to the Central Bank. The euro was trading today at 575.04 drams, a 4.71 percentage points higher form yesterday.-0-


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
Armenia’s central bank planning operations in the country’s currency market in order to ensure normal functioning of financial markets – EXCLUSIVE2020-11-24 14:43:22 Armenia’s central bank planning operations in the country’s currency market in order to ensure normal functioning of financial markets – EXCLUSIVE
Armenian Central Bank sells $6 million at forex market at 456.63 drams per one dollar2014-12-08 19:09:44 Armenian Central Bank sells $6 million at forex market at 456.63 drams per one dollar
$121 million bought by Armenian Central Bank at forex market in 2013 2014-02-26 18:11:52 $121 million bought by Armenian Central Bank at forex market in 2013
Armenia’s Central Bank conducted intervention at stock exchange : press digest 2013-03-05 12:28:49 Armenia’s Central Bank conducted intervention at stock exchange : press digest
Armenian parliament elects Hovhannes Khachatryan as new deputy chairman of Central Bank2022-01-19 18:23:06 Armenian parliament elects Hovhannes Khachatryan as new deputy chairman of Central Bank
Central Bank chairman: we have been able to maintain price and financial stability in Armenia2021-12-28 15:28:05 Central Bank chairman: we have been able to maintain price and financial stability in Armenia
Armenian Central Bank submits proposal for development of digital society and economy2021-12-24 13:15:16 Armenian Central Bank submits proposal for development of digital society and economy
Central bank predicts 8.4-8.5% inflation for 20212021-12-14 18:46:41 Central bank predicts 8.4-8.5% inflation for 2021
Armenia’s central bank raises refinancing rate by 0.5% to 7.75%2021-12-14 14:31:44 Armenia’s central bank raises refinancing rate by 0.5% to 7.75%

«
»