Business & Economy: Active Operations In Armenian Financial Market

ACTIVE OPERATIONS IN ARMENIAN FINANCIAL MARKET

news.am
Sept 2 2011
Armenia

YEREVAN. – This week foreign currency transactions grew more actively
in Armenian financial market.

According to the Central Bank, banks purchased a total of $81,5
million and sold $93,2 million between August 29 and September 2.

Increase in foreign currency transactions basically accounts for
growth of demand for stationery and other educational staff.

On August 22-28 banks provided loans in national currency in the
amount of AMD 25, 5 billion (around $70 million) and dollar loans of
$42 million. These figures are considered rather high on weekly basis.

Disclaimer: This article was contributed and translated into English by Badalian Vardan. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2011/09/03/business-economy-active-operations-in-armenian-financial-market/