INTERBANK MARKET IS TEMPORARILY PARALYZED

Yerevan, August 2. ArmInfo. There was no transaction in the Interbank
market of Armenia the day before. The currency exchange market was also
inactive. Thus, according to the data of the Armenian stock exchange,
the volume of currency transactions the day before made up $50,000,
the average weighted rate increased by 0,05 point to 410,75 AMD/$1 USD.

The experts explained such inactivity of the currency market by the
fact that there was a transaction in the Interbank market July 31,
after completion of the exchange trade session, on the rate which
exceeded the fixed exchange rate of USD by 2 points. According to the
experts’ estimations, this fact somewhat paralyzed the market since
"the market participants decided to wait through, not wishing to buy
dollars by an increased rate or to sell by a decreased rate".