What is Going on in the RA Financial Markets: Presents "Amberd" Research Center

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

According to the summary CB of RA has mainly used the instruments for reducing the liquidity during November month. Even the weekly repo contracts haven't  been used among the instruments of increasing liquidity. This has been related to the surplus of liquidity of banks and to the decrease in interests of monetary policy of RA and reservation. The Central Bank of RA has also implemented a purchase of government bonds with the volume of 1 billion.

The exchange rate of USD has mainly demonstrated the growing tendency during the month  thus increasing by 0.70% 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 been decreased due to the volatility of rates on the international markets.

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 15.4%, repo with Eurobonds have  increased in 43.3 %. There has been noticed different tendencies on interbank loans market. Interbank loans in AMD have  increased in 35%, but loans in USD have decreased in 38.3%. The volume of USD swaps has increased in 261.1%  on the swap market. Besides this there have been swap transactions in EUR.

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 7.9337% at the end of November/at the end of October it was 8.8753%/. Profitabilities of outstanding mid-term and long-term government bonds has been 14.0361% despite the result of the end of previous month-14.2320%.

The volume of transactions on corporate bonds market has increased 32  times , profitabilities have been greatly decreased related to decreasing profitabilities on financial markets. The volume of transactions on stock market has yielded the indicator of previous month approximately 4 times.

Summary indicators of financial market.- Financial markets.

Summary indicators of currency market. -Currency market.

Summary indicators  of monetary policy of RA CB.- Monetary policy and monetary operations of RA CB.

State and development of financial markets in November 2016 /monthly overview/.

ASUE Media and Public Relations Division 

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