Weekly digest of foreign currency deals

Weekly digest of foreign currency deals

PanARMENIAN.Net - USD 80,277,533 was bought at an average price of AMD 405.43 /USD 1 and USD 96,032,695 sold at an average price of AMD 406.47 /USD 1 at the Armenian foreign currency market on Jan 21-25.

Deals amounting to USD 16,351,000 at an average price of 405.81/USD 1 were concluded at NASDAQ OMX Armenia during the reporting period.

From January 14-20, AMD loans granted by banks totaled 30 bln., while USD loans amounted to 41.3 mln, the press service of the Central Bank of Armenia reported.

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Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
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