Summary of Transactions on Financial Markets of RA by "AMBERD" Research Center: January 2017 /monthly overview/

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

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during January month.In spite of December month the weekly repo contracts have  been used among the instruments of increasing liquidity, which volume has been 10 bln AMD. The Central Bank of RA hasn’t  implemented a purchase of government bonds despite December.

The exchange rate of USD has mainly demonstrated the dropping tendency during the month thus decreasing by 0.07% 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 have mainly been demonstrating the growing tendency during the month in comparison with previous month.

There has also been registered activity on the repo and swap markets and interbank loan market. The volume of OTC repo transactions has increased in 10.8%, repo with Eurobondshave  decreased in 16%. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have sharply increased in 95.2% and loans in USD have increased in 14.8 %. The volume of USD swaps has decreased in 17.9%  on the swap market. Besides this there have been swap transactions in EUR, which volume has demonstrating reduction in 25 %.

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 7.0961% at the end of January/at the end of December it was 7.9337%/.Profitabilities of outstandingmid-term and long-term government bonds has been 12.3744% despite the result of the end of previous month-14.0361%.

The volume of transactions on corporate bonds market has decreased 11 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 91.65%.

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 January 2017 /monthly overview/.

ASUE Media and Public Relations Division 

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