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Dollar becomes scarce in Armenia's market
news.am
January 19, 2013 | 02:41
YEREVAN. - The commercial banks in Armenia have purchased $79.5
million and sold $85.3 million, from Monday to Friday, in the
country's intra-bank foreign currency market, the Central Bank
informs.
The trading volume of the US dollar reduced virtually twofold in
Armenia as compared to previous weeks. But such seasonal fluctuation
is normal for the country's financial market.
Also, the loans which Armenia's banks provided in Armenian drams (AMD)
made up AMD 22 billion (approx. $54 million), from January 7 to 13,
whereas the loans that were given in US dollars constituted $31.6
million. To note, such volume of loans for the month of January is
quite high for Armenia.
news.am
January 19, 2013 | 02:41
YEREVAN. - The commercial banks in Armenia have purchased $79.5
million and sold $85.3 million, from Monday to Friday, in the
country's intra-bank foreign currency market, the Central Bank
informs.
The trading volume of the US dollar reduced virtually twofold in
Armenia as compared to previous weeks. But such seasonal fluctuation
is normal for the country's financial market.
Also, the loans which Armenia's banks provided in Armenian drams (AMD)
made up AMD 22 billion (approx. $54 million), from January 7 to 13,
whereas the loans that were given in US dollars constituted $31.6
million. To note, such volume of loans for the month of January is
quite high for Armenia.