ArmInfo. The currency interbank of Armenia reduced the volume by 30.6% from August 20 to 24, after the 23.2% growth in the previous week. In parallel with this, interest in dollar transactions was reduced in the internal currency market, players showed the same attitude to euro transactions, but the demand for rubles was observed, and the buying of Russian currency was more active than selling. Exchange market since the beginning of the year to this day is empty. As a result, the dram to the dollar from August 20 to August 24 froze at 483 dr / $ 1, rebuilding to euro for devaluation - from 549.5 to 558 dr / 1evro, becoming stronger against the ruble - from 7.2 to 7.1 dr / 1 rub. A year earlier, on August 24, 2017, the exchange rate of the dram to the dollar was 479 dr / $ 1, to the euro - 565 dr / 1evro, and to the ruble - 8.1 dr / ruble, which in comparison with the current rates indicates the annual devaluation of the dram to the dollar, at revaluation to the euro and the ruble.
As the press service of the Central Bank of Armenia told ArmInfo, on August 20-24 inclusive, transactions in the amount of $ 5.9 million at the average rate of 483.24 dr / $ 1 were made on the foreign currency interbank market (against 483.54 dr / $ 1 a week earlier). The interbank currency bank, having worked during the reporting week on a daily basis, showed the highest volume on Wednesday - $ 1.9 million. In parallel with this, the buying and selling of the dollar in the intra-bank foreign exchange market changed the trend from 25.4-20% growth to 2.4-6, 7% decline, buying up the euro from 16% growth was rebuilt by a 26.41% decline with a slowdown in sales decline from 18.8% to 16.1%, and for ruble transactions, buying-selling deployed the vector from 4, 4-4.6% decline in the 20-6.6% growth. As a result, $ 82.2 million was purchased at the average exchange rate of 482.19 dr / $ 1, 10.6 million euro at the average rate of 552.43 dr / 1EUR, and 1.7 billion rubles. at an average rate of 7.11 dr / 1RUB, and sold $ 83.8 million at an average rate of 483.54 dr / $ 1, 16.8 million euro at an average rate of 558.61 dr / 1EUR, and 728.3 million rubles. at the average rate of 7.20 dr / 1RUB.
According to the source, from August 13 to August 18, Armenian banks issued AMD 79.7 billion in dram loans and $ 38.9 million in dollar loans. In comparison with the previous period (August 6 to 11), AMD loans sharply accelerated growth from 3% to 22.4% and the dollar came out of the 22.5% decline in the 12.8% growth.
It should be noted that in the first half of the year in 2018 the Central Bank of the Republic of Armenia in the currency market made purchase interventions in January-March, totaling $ 47 million, and in May, $ 10 million. In particular, the Central Bank bought $ 14 million in January 481.10 dollars / $ 1, in February - $ 7 million at the rate of 480.45 dr / $ 1, in March - $ 26 million at the rate of 480.45 dr / $ 1, and in May sold $ 10 million at the rate of 486.73 dr / $ 1. In the intra-bank foreign exchange market for the first half of 2018, $ 2.156 billion and 237.9 million euros were bought, and $ 2.183 billion and 413.8 million euros were sold. At the currency interbank market, transactions in the first half of 2018 totaled $ 335.6 million, which was accompanied by a drama strengthening from January 482.61 dr / $ 1 to 480.49 dr / $ 1 in March, after which a devaluation was observed in April-May to 484.29 dr / $ 1, which was replaced in June for revaluation to 482.84 dr / $ 1. Exchange market since early 2018 to this day is empty.