ArmInfo. The Armenian Interbank Currency Exchange sharply reduced volume by 63% from September 3 to 7, after 74.6% growth in the previous week. In parallel with this, the in-house currency market was passive in terms of dollar transactions, as a result of which euro transactions intensified, and ruble transactions were followed by an uptrend with a continuing decline in the buyback. Exchange market since the beginning of the year to this day is empty. As a result, the dram against the dollar began to weaken from 3 September to 7 September - from 483 to 484.3 dr / $ 1, changing the mood towards the euro for strengthening - from 565 to 564 dr / 1evro, and also entering the ruble - from 7.1 to 7 dr / rub. A year earlier, on September 7, 2017, the exchange rate of the dram to the dollar was 478 dr / $ 1, to the euro - 570 dr / 1evro, and to the ruble - 8.3 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 July 3-7, operations in the amount of $ 3.8 million at the weighted average rate of 484.25 dr / $ 1 (against 483.09 dr / $ 1 a week earlier) were executed at the currency interbank market. The interbank currency bank, working during the reporting week, showed the maximum volume on Monday - $ 2 million. In parallel, on the intra-bank foreign exchange market, the buying of the dollar accelerated the decline from 2.4% to 17%, and the sale changed the trend from 12, 5% growth on the 2.9% decline, buying-selling of the euro has deployed the vector from a 5.7% -10.7% decline to a 35.4-16% rise, and for ruble transactions, the buying has accelerated the decline from 9% to 17% with a change in sales dynamics from a 3.8% decline to a 7% increase. As a result, $ 66.5 million was purchased at the average exchange rate of 483.24 dr / $ 1, 13.4 million euro at the average rate of 560.15 dr / 1EUR, and 1.3 billion rubles. at an average rate of 7.06 dr / 1RUB, and $ 91.8 million was sold at an average rate of 484.61 dr / $ 1, 17.4 million euro at an average rate of 563.54 dr / 1EUR, and 749 million rubles. at the average rate of 7.14 dr / 1RUB.
According to the source, from August 27 to September 1, Armenian banks issued AMD 79.6 billion in dram credits and $ 39.5 million in dollar loans. In comparison with the previous period (from August 20 to August 25), AMD and dollar loans changed the trend from 22-28% th decline by 28-41% 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.
