Friday, January 20 2012 16:32

Armenian primary and interbank markets of securities experienced yield growth in December


ArmInfo. The Armenian primary and interbank markets of securities experienced yield growth in December. The press service of the Central Bank of Armenia told ArmInfo that the market repo rate in December vs November 2011 grew by 1.59 pct point to 11.22%, and in the interbank market the repo rate grew by 0.98 pct points to 10.24%. In the primary market the average yield of the government bonds with up to 1-year maturity rose by 1.71 pct points to 10.68%.

According to the source, in the currency market the devaluation of AMD against USD was fixed at 0.11% in December, and the exchange rate was 383.22 AMD/$1 (5.93% annual devaluation); the AMD revaluation against EUR was fixed at 2.89%, and the exchange rate was 504.63 AMD/1EUR (5.58% annual devaluation); the AMD revaluation against RUR was 2.06%, and the exchange rate was 12.16 AMD/1RUR (3.78% annual devaluation).

To note, on Jan 10 2012 the CBA Board retained the refinancing rate at 8%, and the lobard repo rates and deposit rates - at 11% and 5% respectively.
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