Armenian Commercial Banks Purchase $60.8 Million And Sell $66.5 Mill

ARMENIAN COMMERCIAL BANKS PURCHASE $60.8 MILLION AND SELL $66.5 MILLION IN ONE WEEK

ARKA
DECEMBER 4, 2009
YEREVAN

YEREVAN, December 4, /ARKA/. Armenian commercial banks purchased
$60.8 million at intra-bank forex market on November 30-December 4
at the average weighted exchange rate of 385.09 Drams per one USD,
the Central Bank of Armenia said. It said $66.5 million were sold in
the same week at 386.13 Drams per one USD.

In inter-bank forex market a total of $400,000 worth deals were
concluded at the average weighted exchange rate of 385 Drams per $1.

The overall amount of deals concluded at NASDAQ OMX Armenia stock
exchange totaled $16.1 million at 385.33 Drams per $1. In November
23-29 time span Armenian banks extended 14.6 billion Dram and $27.1
illion credits. ($1- 385.21 Drams).

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