YEREVAN, February 10. /ARKA/. On Tuesday Armenia’s Central Bank again stepped in to inject $15 million in the local currency market in an apparent effort to shore up the national currency, the dram, a local daily ‘Haykakan Zhamanak’ (Armenian Time) says in a story in its today’s issue.

According to the newspaper, the move was forced by the depreciation of the Russian ruble, prompted by a sharp decline in the oil price in the second half of Tuesday, following the report of the International Energy Agency.

According to the report, the growth of oil supply in the world market has plummeted oil prices from $34 to $30 per barrel. The Russian ruble responded immediately – the USD’s exchange rate at the Moscow stock exchange increased from 77 to 80 rubles.

Categories: Exchange market, General news, News, News of the hour | Comments Off on Armenia’s central bank again steps in to inject $15 million in currency market to shore up national currency

Tags: Armenia, Central Bank, CURRENCY MARKET, national currency

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Last week weighted average rate of US dollar in the stock exchange NASDAQ OMX Armenia increased by 1.24% to 367.50 drams

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Survey Of Currency Market For One Week – August 1-5

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Armenian commercial banks bought a total of $95 million at local foreign exchange market from December 20 to December 24 at an average weighted exchange rate of 359.19 Drams per one USD, the Central Bank of Armenia said.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian commercial banks buy $95 million at local foreign currency market December 20-24

Tags: Armenia, COMMERCIAL BANKS, CURRENCY MARKET

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