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Armenian Central Bank resorts to covered intervention totaling $20 million - Newspaper

26.08.2015 17:12

Armenian Central Bank resorts to covered intervention totaling $20 million - Newspaper

YEREVAN, August 26. /ARKA/. On Tuesday, the Central Bank of Armenia carried out a covered intervention totaling $20 million, Haykakan Zhamanak (Armenian Time) reports.

The newspaper says referring to the regulator’s report on foreign exchange spot market that all the banks of Armenia bought dollars, but not a single bank sold this money.

“According to the central bank’s information the dollar traded at 483.64 drams, and this is nothing else but covered intervention,” Haykakan Zhamanak says.

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