Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, June 26, 2017

Central Bank of Armenia issues weekly transactions data

Central Bank of Armenia data reported that from October 7-11, foreign currency market banks purchased $70,419,209 at an average rate of 405.67 drams per dollar and sold $90,824,312 at an average rate of 407.04 drams per dollar.

The interbank market purchase and sale for the week was $1,942,346 at an average exchange rate of 406.90 drams per dollar.

Foreign currency market banks purchased 5,359,635 Euros at an average exchange rate of 548.90 drams per euro and sold 11,578,425 Euros at an average rate of 552.58 drams per euro.

Banks bought $2,043,708 on the foreign currency market at an average exchange rate of 12.49 drams to the ruble and sold $245,166 at an average exchange rate of 12.67 drams per ruble.

The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector, and keeping the government's currency reserves.