Yerevan/Mediamax/. Yesterday’s currency trades at “NASDAQ OMX Armenia” closed with a record volume of deals for 2010 at the sum of USD 20.46mln, as a result of which the Armenian AMD devaluated against USD for by 0.36% (1.31 points), making 363.81 AMD per 1 USD.

In the course of the current week, AMD devaluated against USD by 0.7% (2.48 points).

Commenting on Mediamax’s request on the reasons of a large volume of trades and devaluation of AMD, Director of “Renesa” Investment Company Vaghinak Saroyan stated that such a volume of trades is conditioned by the growth of demand for foreign currency, which is traditional for the pre-New Year days.

“This is conditioned by the combination of numerous factors, the basic of which are on the one hand the repayment of importers’ debts to foreign partners after selling the import, and on the other hand – repayment of retailers’ debts to suppliers. A definite role in growth of demand for foreign currency was played also by residents of Armenia, who go abroad for New Year Holidays”, Vaghinak Saroyan stated.

According to him, despite the demand for USD, this year growth of trust for national currency was registered. “If at the end of 2009 a few deals at the sum of USD 20-30mln were concluded, on the threshold of 2011, we evidence only one large deal, which significantly yields to the above-mentioned ones”, “Renesa” Head summed up.