Armenian banks buy $52.5 million and sell $60.5 million in one week

YEREVAN, May 7. /ARKA/. A total of $52.5 million were bought at Armenia’s intrabankk forex market in a time span between April 30 and May 7 at an average weighted exchange rate of 384.63 Drams per $1, the Central Bank of Armenia reported. It said also a total of $60. 5 million were sold in the same time span at 386.16 Drams per $1.

The total amount of deals effected at NASDAQ OMX Armenia exchange stock in the same week was worth $10.2 million at an average weighted exchange rate of 387.43 Drams per $1.

In the same week $350,000 worth deals were effected at inter-bank forex market at 384.71 Drams per $1. Besides, Armenian commercial banks extended 16.2 billion Drams worth credits on April 26-May 2. The amount of credits issued in USD was worth $35.2 million.($1 – 387.71 Drams).  -0-

spot_img

POPULAR

Armenia to Contribute an Additional €8.2 Million to the Capital of the Black Sea Trade and Development Bank

Armenia will contribute an additional €8.2 million to the authorized capital of the Black Sea Trade and Development Bank (BSTDB).

Rate.Trading: Large Transactions with Digital Management of Exchange Rate Risks

Buying real estate often involves various logistical considerations.

Investment portfolio of Armenian credit organizations totaled 99.70 billion drams at the end of the third quarter

As of September 30, 2026, the aggregate investment portfolio of Armenian credit organizations stood at 99.70 billion drams, according to data from an ARKA news agency bulletin.

Armenia may gain access to $25 million from the IMF in December under a Stand-By Agreement (SBA) and up to $262 million under a...

An IMF team has reached a staff-level agreement with the Armenian authorities on the completion of the second review under a three-year Stand-By Agreement (SBA), as well as on a new, parallel program: the Resilience and Sustainability Facility (RSF).

Capital of Armenian Credit Organizations Grows by 4.35% to 474.09 Billion Drams Over 9 Months

As of September 30, 2026, the aggregate capital of credit organizations in Armenia reached 474.09 billion drams, marking an increase of 1.49% for the third quarter and 4.35% since the beginning of the year.

LATEST NEWS

spot_imgspot_imgspot_img