Saturday, July 15 2017 09:35
Svetlana Hovsepyan

AMD appreciation continues

ArmInfo. The currency interbank of Armenia sharply increased its volume 3.3-fold from July 10 to July 14, after a decline of 5.5 times a week earlier. At the same time, the increased interest in euro and ruble transactions on the intra-bank foreign exchange market was accompanied by an active buying up of the dollar with the continued passiveness of dollar sales. The exchange currency market still retains "proud silence".

As a result, in the reporting week, the dram continued to strengthen to the dollar, from 479.5 to 478.5 AMD / $ 1, and to the euro from 547 to 545 AMD / 1 euro, gaining against the ruble at 8 AMD / ruble.  A year earlier, on July 14, 2016, the exchange rate of the dram to the dollar was 477 AMD / $ 1, to the euro -530.5 AMD  / 1 euro, and to the ruble - 7.6 AMD / ruble, which, in comparison with the current rates, indicates the annual devaluation of the dram to These currencies.

As the press service of the Central Bank of Armenia told ArmInfo, from 10 to 14 JulyTransactions on NASDAQ OMX Armenia currency exchange were not madeWas, and this silence lasts for the second month. At the same time, at the currencyInterbank for the reporting week was carried out transactions in the amount of $ 10.1Million at the weighted average rate of 479.43AMD  / $ 1 (against the previous 479.85).

In parallel with this, in the domestic ruble currency market, the buying of the dollar changed the trend from a 22% decline to a 23.4% increase, with a slowdown in the sales decline from 19% to 8.9%, euro buying out of the 57% decline by 5% , 9% growth with the acceleration of sales growth from 3.7% to 8.6%, the sale of rubles accelerated growth from 3.9% to 45.8% with a change in buying dynamics from 4% to 17.3% The  growth. As a result, $ 95.1 million was purchased at the average exchange rate of 478.30 dr / $ 1, 8.9 million euro at the average exchange rate of 544.41 AMD / 1EUR, and1.4 billion rubles. At an average rate of 7.89 AMD / 1RUR, and sold $ 82.1 million at an average rate of 479.79 AMD/ $ 1, 15.2 million euro at an average rate of 548.19 AMD / 1EUR, and 661.4 million rubles at the average rate of 7.99 AMD / 1RUR.

According to the source, over the previous week (from July 3 to July 8), Armenian banks issued AMD 45.1 billion drams and dollar credits for $ 45.2 million. In comparison with the previous period (June 26 to July 1), the dynamics of loans issued is as follows: AMD 29% growth of snickers to 25.1% decline, and dollar accelerated decline from 15% to 28.3%.

It should be noted that in January-May 2017, a total of $ 3.3 million was effected on the exchange currency platform, in particular, $ 600,000 was "lit" in January and February at the rate of 486.79 AMD/ $ 1 and 487.08 AMD/ $ 1, $ 1.5 million in March at the rate of 485.55 AMD / $ 1, and $ 600 thousand - in May at the rate of 482.80 AMD / $ 1. The central bank made transactions in the currency market in January-May 2017 only in January, selling $ 15 million at the rate of 485.84 AMD / $ 1. For the full year of 2016, the exchange currency market gave signs of life occasionally - one operation in March-May, and the Central Bank bought dollars in April ($ 2.4 million), June ($ 50.2 million), August ($ 19.8 million), September ($ 28.8) And in October ($ 50.8 million), and sold in January ($ 53.1 million), February ($ 41.5 million), November ($ 13.1 million) and December ($ 15 million).


News
Iya Malkina: In Q1, the net inflow of mutual direct investments in  the EAEU amounted to $ 663.2 millionIya Malkina: In Q1, the net inflow of mutual direct investments in  the EAEU amounted to $ 663.2 million
EEC Forecast: Economic recovery in Armenia will be completed during  2022EEC Forecast: Economic recovery in Armenia will be completed during  2022
The best vacation destinations in the autumn of 2021The best vacation destinations in the autumn of 2021
Head of Central Bank of Armenia and member of EEC Board discussed  issues of Eurasian integrationHead of Central Bank of Armenia and member of EEC Board discussed  issues of Eurasian integration
"Electric Networks of Armenia" Company starts implementation of  second stage of modernization of electric grid facilities
Armenia to start developing innovative activities in cooperation with  Skolkovo FoundationArmenia to start developing innovative activities in cooperation with  Skolkovo Foundation
Tigran Khachatryan appointed Governor from Armenia in Boards of  Governors of World Bank and Asian Development BankTigran Khachatryan appointed Governor from Armenia in Boards of  Governors of World Bank and Asian Development Bank
FinRating ArmInfo: Profits of Armenian banks stagnate under the  burden of growing NPLsFinRating ArmInfo: Profits of Armenian banks stagnate under the  burden of growing NPLs
Overchuk: The unblocking all economic and transport links in the  region will increase the trade turnover between Armenia and RussiaOverchuk: The unblocking all economic and transport links in the  region will increase the trade turnover between Armenia and Russia
On October 20, REC organizes a business mission for Russian  manufacturers to ArmeniaOn October 20, REC organizes a business mission for Russian  manufacturers to Armenia
Andrey Sinyakov: We consider the completion of the second stage of the modernization project of the Agarak Copper-Molybdenum Combine as a serious anti-crisis measureAndrey Sinyakov: We consider the completion of the second stage of the modernization project of the Agarak Copper-Molybdenum Combine as a serious anti-crisis measure
Iranian entrepreneurs are interested in opening joint ventures with  Armenia in a number of areasIranian entrepreneurs are interested in opening joint ventures with  Armenia in a number of areas
Major Armenian-Russian business forum to be held in YerevanMajor Armenian-Russian business forum to be held in Yerevan
Gyumri Shirak Airport is ready to serve European budget flightsGyumri Shirak Airport is ready to serve European budget flights
Mher Grigoryan reports on certain difficulties in negotiations with  GazpromMher Grigoryan reports on certain difficulties in negotiations with  Gazprom
Standing Parliamentary Committee on Financial-Credit and Budgetary  Affairs approved Artak Manukyan`s candidacy for the position of  member of the Central Bank CouncilStanding Parliamentary Committee on Financial-Credit and Budgetary  Affairs approved Artak Manukyan`s candidacy for the position of  member of the Central Bank Council
Mher Grigoryan: In terms of the opening of railways, solutions began  to be consideredMher Grigoryan: In terms of the opening of railways, solutions began  to be considered
GeoProMining  announces  completion of the second stage of Agarak CMC  modernization project GeoProMining  announces  completion of the second stage of Agarak CMC  modernization project 
IMF sharply improved its forecast for GDP growth in Armenia for 2021 to 6.5%, but warns: IMF sharply improved its forecast for GDP growth in Armenia for 2021 to 6.5%, but warns: "Downside risks remain elevated" 
Economy Minister considers Central Bank`s updated economic forecasts  as pessimisticEconomy Minister considers Central Bank`s updated economic forecasts  as pessimistic
Armenian government to allocate about 357.5 million drams to complete  15 subvention programsArmenian government to allocate about 357.5 million drams to complete  15 subvention programs
Economy Minister on the situation with Iranian trucks: We have a  Economy Minister on the situation with Iranian trucks: We have a  "Plan B"
 Armenian accountants and auditors can grow professionally with help  of British Association of Chartered Certified Accountants Armenian accountants and auditors can grow professionally with help  of British Association of Chartered Certified Accountants
Armenian government approves the ratification of the Agreement of the  CIS countries in the fight against IT crimesArmenian government approves the ratification of the Agreement of the  CIS countries in the fight against IT crimes
Armenia and Singapore exclude double taxationArmenia and Singapore exclude double taxation
Government of Armenia ratified the agreement between the governments  of the Republic of Armenia and the Republic of Malta on the avoidance  of double taxationGovernment of Armenia ratified the agreement between the governments  of the Republic of Armenia and the Republic of Malta on the avoidance  of double taxation
The leadership of SRC of Armenia at a meeting with the head of the  FCS of the Russian Federation noted the special importance of  enhancing contactsThe leadership of SRC of Armenia at a meeting with the head of the  FCS of the Russian Federation noted the special importance of  enhancing contacts
American company Wabtec shows interest in the Armenian market American company Wabtec shows interest in the Armenian market 
Deputy Prime Minister on a possible increase in gas prices: Gazprom  insists that the amount of profit stipulated in the 2013 agreement  does not satisfy themDeputy Prime Minister on a possible increase in gas prices: Gazprom  insists that the amount of profit stipulated in the 2013 agreement  does not satisfy them
Drip irrigation. 5 questions and answers with Converse BankDrip irrigation. 5 questions and answers with Converse Bank
World Bank`s updated Groundswell report warns: Climate change could  force 216 million people to migrate within their own countries by  2050World Bank`s updated Groundswell report warns: Climate change could  force 216 million people to migrate within their own countries by  2050
Expert: The unprecedented rise in gas prices in Europe and EAEU  membership open new opportunities for ArmeniaExpert: The unprecedented rise in gas prices in Europe and EAEU  membership open new opportunities for Armenia
Central Bank of Armenia: In Jan-July 2021, the net inflow of  transfers from individuals increased by 78.5% per annumCentral Bank of Armenia: In Jan-July 2021, the net inflow of  transfers from individuals increased by 78.5% per annum
Efforts are underway to enhance seismic safety at Armenian NPPEfforts are underway to enhance seismic safety at Armenian NPP
EEC Forecast: In 2022, the negative foreign trade balance in the EAEU  will be reduced from $ 5.8 billion to $ 2.5 billion EEC Forecast: In 2022, the negative foreign trade balance in the EAEU  will be reduced from $ 5.8 billion to $ 2.5 billion 
Central Bank of Armenia: Consistent tightening of monetary conditions  has a sufficient impact on the regulation of progressive consumer  demand and on curbing of  inflationCentral Bank of Armenia: Consistent tightening of monetary conditions  has a sufficient impact on the regulation of progressive consumer  demand and on curbing of  inflation
Central Bank upgrades Armenia`s economic growth forecast for 2021 to  5.6%Central Bank upgrades Armenia`s economic growth forecast for 2021 to  5.6%
Central Bank Governor: Inflation in Armenia is more supply-drivenCentral Bank Governor: Inflation in Armenia is more supply-driven
Central Bank: Transfers from USA to Armenia are growing rapidlyCentral Bank: Transfers from USA to Armenia are growing rapidly
Armenia and Ukraine launched the improvement of trade and economic  relationsArmenia and Ukraine launched the improvement of trade and economic  relations
Official and real y-o-y inflation continues to accelerate in ArmeniaOfficial and real y-o-y inflation continues to accelerate in Armenia
Central Bank of Armenia once again raised the refinancing rate - from  7% to 7.25%Central Bank of Armenia once again raised the refinancing rate - from  7% to 7.25%
About 2 billion drams to be allocated for the installation of  photovoltaic stations in seven regions of ArmeniaAbout 2 billion drams to be allocated for the installation of  photovoltaic stations in seven regions of Armenia
"Veolia Djur" proposes to increase water tariff by 43.7 drams
Mher Grigoryan: Trade and economic relations between Armenia and  Ukraine have great potential for developmentMher Grigoryan: Trade and economic relations between Armenia and  Ukraine have great potential for development
"Become a shareholder": ACBA Bank issued its first 500.000 shares  with a total volume of 7.5 billion drams
IDBank as a sponsor of the charity concert IDBank as a sponsor of the charity concert "Armenian Rock for Children with Cancer"
As of September 10, 2021, tax collection exceeded indicators of  pre-crisis 2019 by 4.9% in ArmeniaAs of September 10, 2021, tax collection exceeded indicators of  pre-crisis 2019 by 4.9% in Armenia
The collector coin dedicated to the 30th anniversary of the Republic  of Armenia has been issued by Central BankThe collector coin dedicated to the 30th anniversary of the Republic  of Armenia has been issued by Central Bank
Minister of Finance of Armenia and Ambassador of India discussed  possible directions for development of cooperationMinister of Finance of Armenia and Ambassador of India discussed  possible directions for development of cooperation
 Construction of Construction of "Friendship Bridge" on Armenian-Georgian border is in  full swing
Armenia reduced exports of molybdenum, zinc and copper concentratesArmenia reduced exports of molybdenum, zinc and copper concentrates
Armenia increased export of all alcoholic beverages produced in  countryArmenia increased export of all alcoholic beverages produced in  country
Armenia significantly increased volume of exports and imports of  fruit and berry cropsArmenia significantly increased volume of exports and imports of  fruit and berry crops
Armenia in H1 2021 increased grape exports by 66.7% Armenia in H1 2021 increased grape exports by 66.7% 
Regular meeting of Armenian-German intergovernmental commission took  place in BerlinRegular meeting of Armenian-German intergovernmental commission took  place in Berlin
Exclusive opportunity for VISA Signature cardholders of Converse BankExclusive opportunity for VISA Signature cardholders of Converse Bank
Armenia significantly reduced sugar importsArmenia significantly reduced sugar imports
Imports of oil products to Armenia grew by 3.7% in the first half of  2021Imports of oil products to Armenia grew by 3.7% in the first half of  2021
Armenia continues to reduce imports and exports of passenger carsArmenia continues to reduce imports and exports of passenger cars
Read more


Exchange rates
22.09.2021
RUB6.65-0.03
USD484.23-0.70
EUR567.95-3.44
GBP660.20-8.23
CAD378.63-4.62
JPY44.220.12
CNY74.85-0.30
CHF524.851.73