ArmInfo. The stock interbank activity has somehow strengthened the AMD but not for long. The stock was passive on July 17-21 except for Thursday providing some tinsy volume. On Aug 17-21 the volume of stock deals reduced by more than 32-fold with the depreciation of the AMD seen in July within the range of AMD 474 to AMD 478/USD 1, after insignificant fluctuations reached the threshold of AMD 479/USD 1 in the first half of August. By Aug 21 it was 478,5 /USD 1.
On Aug 17-21, on the intrabank market (transactions with customers) the banks bought $74.9 mln at the average exchange rate of 476,63 AMD/$1, and sold $86.1 mln at the average exchange rate of 478,19 AMD/$1 (almost 6.2% growth within a week). The banks also bought 6.96 mln EUR at the average exchange rate of 528,28 AMD/1EUR (weekly fall of 13.6 %), and sold 11.9 mln EUR at the average exchange rate of 534 AMD/1EUR. Over the same period, the banks bought 1.1 bln RUR at the average exchange rate of 7,17AMD/1RUR (weekly growth of 12.7%), and sold 296.8 mln RUR at the rate of 7,28 AMD/1RUR (9.6% growth within a week). Over the previous week (from Aug 10-16), the Armenian banks provided AMD loans worth 35.6 bln AMD and USD loans worth $34.6 mln. As compared to the previous week Aug 3-9, the AMD loans increased by 16% whereas USD loans decreased by 36%.
