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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Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
The EBRD will acquire a stake of around 20% for $30 million. The remaining $10 million will be used for future capital increases.
IFC thus aims to increase the stability of Armenia’s banking sector and support the strategic goals of Ameriabank.
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