Tuesday, September 10 2019 10:09

ArmInfo. From September 2  to 6, 2019, the volume of transactions at the currency interbank  market of Armenia decreased by 4.7%, after a decline of 19.5% a week  earlier.

At the same time, the dynamics of dollar transactions was in  decline in the intra-bank foreign exchange market, ruble operations  remained in downtrend, and the previous upward trend in euro  transactions changed for diverse dynamics with accelerated growth in  terms of sales. Stock exchange platform remains empty.

As a result, the dram against the dollar for September 2-6, compared  with the previous week, continued to devaluate - from 476.3 to 476.8  AMD / $ 1, staying against the euro at 526 AMD / 1 EUR, remaining  unchanged against the ruble on the level of 7.2 AMD / 1RUB. A year  earlier, on September 6, 2018, the dram against the dollar was 484.3  AMD / $ 1, against the euro - 563 AMD / 1 EUR, and against the ruble  - 7.1 AMD / 1 RUB, which in comparison with current rates indicates  the y-o-y revaluation of dram to dollar and the euro, and the  devaluation of the ruble.

According to the press service of the Central Bank of Armenia, on  September 2-6, foreign exchange interbank transactions were carried  out in the amount of $ 14.2 million at an average rate of 476.52 AMD  / $ 1 (against 476.07 AMD / $ 1 a week earlier). Having worked daily  during the reporting week, the currency interbank showed maximum  volumes on Monday and Tuesday - $ 4.4 million and $ 4.7 million  respectively. At the same time, compared to the previous week buying  and selling of the dollar on the intra- bank foreign exchange market  changed from 3.2-10% growth to 12-22.5% decline, euro buying turned  the dynamics from 69% growth towards 17% decline while accelerating  sales growth from 14.7% to 31.3% and in ruble transactions purchase  accelerated decline from 4% to 10% with a slowdown in sales decline  from 19.5% to 3.3%. As a result, $ 83.6 million was bought at an  average rate of 475.62 AMD / $ 1, 20.5 million euros at an average  rate of 522.25 AMD/ 1EUR, and 1.8 billion rubles at an average rate  of 7.13 AMD / 1RUB, and sold $ 93.8 million at an average rate of  476.97 AMD / $ 1, 25.6 million euros at an average rate of 525.86  AMD/ 1EUR, and 725.4 million rubles at an average rate of 7.21 AMD/  1RUB.

According to the source, from August 26 to 31, Armenian banks issued  dram loans for 63.5 billion drams and dollar loans for $ 47.6  million. Compared to the previous period (from August 19 to 24), dram  loans accelerated the decline from 2% to 17%, while dollar loans  significantly slowed growth from 22% to 0.9%.

To note, for the first half of 2019, the Central Bank of the Republic  of Armenia in the foreign exchange market intervened only in March ($  5 million), April ($ 56.650 million), May ($ 27 million) and June ($  96.6 million), in particular purchasing a total of $ 185.250 million  at the rate of 485.93 AMD / $ 1 in March, 482.85 AMD/ $ 1 in April,  479.88 AMD / $ 1 in May and 478.29 AMD / $ 1 in June. In the  interbank foreign exchange market for the first half of 2019, $ 2.265  billion and 420.64 million euros were bought, and $ 2.408 billion and  520.7 million euros were sold. At the foreign exchange interbank for  the first half of 2019, transactions in the amount of $ 421.56  million were carried out, which was accompanied by a revaluation of  the dram from January 486.24 AMD / $ 1 to June 478.38 AMD / $ 1.  Exchange currency platform in the first half of this year continued  to be empty.