ArmInfo. During the first twenty days of January 2017 AMD devaluated against USD from 484 to 486.5 AMD/$1, against EUR from 505 to 520 AMD/1 EUR and against RUR from 8 to 8.2 AMD/1RUR. In the first ten days more sharp devaluation of AMD against EUR rather than against USD and RUR was registered and this dynamics continued in the next 10 days also. To note for comparison that in the beginning of 2016 AMD exchange rate was as follows: 482 AMD/$1, 529 AMD/1EUR and 6.9 AMD/1RUR. Since the beginning of 2016 the foreign exchange market showed signs of life rarely, making one at a time transaction between March and May: USD100 thousand in March, USD 2.950 mln in April and USD 800 thousand in May, after which it was passive. In Jan-Oct 2016, the Central Bank bought USD on the foreign exchange market in April (USD2.4 mln at 478.5 AMD/$1 rate), June (USD 50.2 mln at 476.72 AMD/$1), August ($19.8 mln at 474.25 AMD/$1), September (USD28.8mln at 474.11 AMD/$1) and October (USD 50.8 mln at 475.47 AMD/$1), and sold in January and February (USD53.1 mln and USD 41.5mln, respectively at 484.69 AMD/$1 and 492.59 AMD/$1).
The press office of the Central Bank of Armenia has told ArmInfo that on January 9- 20 the amount of transactions on the interbank forex market totaled $29.849 mln at the average exchange rate 486.33AMD/$1. In the meantime, on the intrabank market the banks bought $159.232 mln at the average exchange rate of 484.92 AMD/$1, 14.558 mln EUR at the average exchange rate of 512.69 AMD/1EUR, 1.9 bln RUR at the rate of 8.06 AMD/1RUR and sold $188.137 mln at the average exchange rate of 486.27 AMD/$1, 18.269 mln EUR at average rate of 517.42 AMD/1EUR and 800.522 mln RUR at the average exchange rate of 8.19 AMD/1RUR.
According to the source, during the previous week (December 26-January 14), Armenian banks provided AMD loans worth 111.5 bln AMD and USD loans worth $191.2 mln.
To recall, in 2015, on the retail foreign exchange market of Armenia AMD weakened against USD from 477 to 482 AMD/USD1 on average and strengthened against EUR from 571.5 to 529 AMD/1EUR and against Russian ruble from 8.2 to 6.9 AMD/1 RUR. Between December 14 and 28, the Central Bank made almost daily interventions. AMD depreciated amid decline of foreign trade turnover (by 20.6%), while import dropped more significantly (by 26.5%) than export (by 3.9%) as well as the decline in transfer inflow to Armenia more than by 30%, and this happened in conditions of low buying capacity of the population and low economic activity in the country. In 2016, AMD depreciated on the retail foreign exchange market of Armenia against USD and RUR to 484AMD/USD1 and 8 AMD/1RUR, and revaluated against EUR to 505 AMD/1EUR. This happened amid deflation of consumer prices by 1.1% in 2016, slackening of growth of economic activity to 0.6% in Jan-Nov and foreign trade turnover registering 8% growth due to sharp change of dynamics of export and import from negative to positive 21.2% and 2% respectively.