Summary of Transactions on Financial Markets Of RA by “AMBERD” Research Center

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ASUE AMBERD Research Center has summarized the transactions on financial markets of RA in July.

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during July month.Unlike previous months even the weekly repo contracts haven't been used among the instruments of increasing liquidity. Like June month, also in July The Central Bank of RA hasn’t  implemented a purchase of government bonds, but has involved financial funds with the volume of 431,4 bln AMD.

The exchange rate of USD has mainly demonstrated the dropping tendency during the month thus decreasing by 0.50% for the purchase and for sales prices as compared to the beginning of the second part of the month. In case of EUR and RUR the rates have mainly been demonstrating different tendencies during the month. The rate of EUR has increased in 1.96% and the rate of RUR has decreased in 3.53%.

There has also been registered activity on the repo and swap markets and interbank loan market. The volume of OTC repo transactions has decreased in 5.8%, repo with Eurobonds have increased in 24,3%. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have increased in 30%, but loans in USD have dereased in 44,5%. The volume of USD swaps has increased in 2,1%  on the swap market. Unlike  month June  swap transactions in EUR has sharply been decreased in July in 50%.

A big activity has been registered both on primary and secondary government bonds markets and mainly tendencies to decreasing interests. As a result profitability of outstanding short-term bonds has been 6.076925% at the end of July/at the end of June it was 6.18815 %/. Profitabilities of outstandingmid-term and long-term government bonds has been 10.90805% despite the result of the end of previous month- 11.09661%.

The volume of transactions on corporate bonds market has sharply increased in 5,5 times ,profitabilities have been greatly decreased related to decreasing profitabilitieson financial markets. The volume of transactions on stock market has yielded the indicator of previous month approximately in 175 times.

Summary indicators of financial market

Summary indicators of currency market

Summary indicators  of monetary policy of RA CB

State and development of financial markets in July 2017 /monthly overview/.

ASUE Media a nd Public Relations Division

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