Over $100.4 million bought by Armenian banks last week

24.10.2016 16:22
Over $100.4 million bought by Armenian banks last week

YEREVAN, October 24. /ARKA/. Armenia’s commercial banks bought more than $100.4 million from the local foreign currency market on October 17 to 21 at the average weighted exchange rate of 474.85 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 9.7 million euros and 1.2 billion Russian rubles at the average weighted exchange rates of 520.03 and 7.53 drams per one euro and one ruble respectively.

The banks also sold about $91.2 million, € 13.4 million and 359.8 million rubles at average weighted exchange rates of 476.11, 524.43 and 7.64 drams respectively.

In addition, from October 10 to 16, the banks provided 43.7 billion drams worth loans in the national currency and $54.9 million worth loans in USD. ($ 1- 475.26 drams).  --0----


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