ArmInfo. The currency interbank of Armenia worked from 7 to 11 May only on Friday, showing a volume of 8.7 times higher than the previous week. In parallel with this, dollar transactions were slowing down in the intra-bank foreign exchange market, while ruble ones maintained an upward trend, against which the euro was actively buying with passive sales. Exchange market since the beginning of the year to this day is empty.
As a result, the dram against the dollar on May 7-11 continued devaluation from 485.5 to 486 AMD / $ 1, slowly strengthening to the euro - from 582 to 580 AMD / 1evro, while maintaining positions to the ruble at the level of 7.9 AMD / 1 ruble. A year earlier, on May 11, 2017, the exchange rate of the dram to the dollar was 484.3 AMD / $ 1, to the euro - 527 AMD / 1evro, and to the ruble - 8.5 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of the AMD to euro and dollar, at revaluation to the ruble.
According to the press service of the Armenian Central Bank, at the interbank market, from May 7 to 11 inclusive, transactions in the amount of $ 2.5 million were made at the weighted average rate of 486.02 AMD / $ 1 (against 485.25 AMD / $ 1 a week earlier). And, all this volume "was highlighted" on Friday, May 11. In parallel with this, on the intra-bank foreign exchange market, the buying-selling of the dollar stayed in decline - 19-9.7% against 10.8-39% a week earlier, euro buying out of the 21.7% decline by 52.8% growth with a deterioration in the trend of sales from 7.8% growth to 24.8% decline, and for ruble operations, the climb remained, but the rate of buying from 15.2% slowed to 2.4% with the acceleration of sales from 5 , 1% to 15.4%. As a result, $ 68.6 million was purchased at the average exchange rate of 485.38 AMD / $ 1, 11.01 million euro at the average rate of 578.48 AMD / 1EUR, and 862.7 million rubles at the average rate of 7.71 AMD / 1RUR, and sold $ 71.14 million at an average rate of 487.06 AMD / $ 1, 17.6 million euro at an average rate of 581.27 AMD / 1EUR, and 546.4 million rubles at an average rate of 7.83 AMD / 1RUR.
According to the source, from April 30 to May 5, Armenian banks issued AMD 74.5 billion in AMD loans and $ 80.6 million in dollar loans. In comparison with the previous period (April 23-28), the upward trend persisted, both for dollar loans and for AMD accelerated 39.4% and 14.1%, respectively, against 22% and 7.4% a week earlier.
To note, in the Q1 of 2018, the Central Bank of the Republic of Armenia in the foreign exchange market intervened only on purchase - in total "withdrawing" $ 47 million. In particular, the Central Bank bought $ 14 million in January at a rate of 481.10 AMD / $ 1, in February - $ 7 million at the rate of 480 , 45 AMD / $ 1, and in March - $ 26 million at the rate of 480.45 AMD / $ 1. On the intra-bank foreign exchange market, for the first quarter of 2018, $ 1.053 billion and 113.02 million euros were purchased, and $ 1.042 billion and 186.2 million euros were sold. At the currency interbank for the I quarter of 2018, transactions were made in the amount of $ 188.04 million, which was accompanied by the strengthening of the dram from January 482.61 AMD / $ 1 to 480.49 AMD / $ 1. Exchange market since early 2018 to this day is empty.
To recall, for the year 2017 on the exchange currency area, transactions totaling $ 3.3 million (January- March, May) were carried out. The Central Bank for the whole of 2017 bought a total of $ 122.6 million (June-September, December) and sold $ 22 million (January, November). Prior to this, in 2016, the exchange currency market also showed weak signs of life - one operation in March-May. The Central Bank bought $ 152 million (April, June, August-October) for the foreign exchange market in 2016, and sold $ 122.7 million (January-February, November-December).