YEREVAN. – Armenia’s financial market entered a passive stage, Armenian Central Bank published data on financial market transactions.

Banks purchased $70.4 million in cash foreign currency market compared to $79.5 million last week. Besides, Sales totaled over $78.5 million.

U.S. dollar has been devaluing from AMD 375/$1 to AMD 370/$1 during the week. Despite that, demand for U.S. dollar went down in market.

Credit market also registered passivity. National currency loans made AMD 25 billion ($67.5 million), while U.S. dollar loans made $28 million on September 12-18. The index is considerably below the previous weeks.