Weekly digest of foreign currency deals

Weekly digest of foreign currency deals

PanARMENIAN.Net - USD 71,612,845 was bought at an average price of AMD 409.92 /USD 1 and USD 92,747,602 sold at an average price of AMD 410.97 /USD 1 at the Armenian foreign currency market on August 20-24.

Deals amounting to USD 8,650,000 at an average price of 409.91 /USD 1 were concluded at NASDAQ OMX Armenia during the reporting period.

From August 13-19, AMD loans granted by banks totaled 27.9 bln, while USD loans amounted to 42.7 mln, the press service of the Central Bank of Armenia reported.

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"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
Etihad Airways’ Senior VP said the new flights catered for the significant and growing demand for travel between the UAE and Armenia.
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