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Currency activity in Armenian financial market

23:10, 03.08.2012 Region: Armenia Theme: Economics

YEREVAN. – Armenian financial market has registered an increase of currency deals. According to the Central Bank of Armenia, commercial banks purchased $87.5 million and sold $113 million in the intra-banking market from Monday to Wednesday. The increase by 13 to 15 percent, as compared to the average currency deals in a week, may be conditioned with the high tourism season. Deals on euro and Russian ruble increased as well.  Thus, banks purchased 7 million euro and sold 21 million euro for the week, and the demand for the European currency may be conditioned with the tours to Europe.

To note, the credits were especially high. Banks sold $62.1 million and AMD 30.5 billion on credit from July 22 to 29, while the credit weekly level made over $132 million.

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