Armenian Banks Buy $60.1 Million at Local Forex Market between July 6-9

YEREVAN, July 9, /ARKA/. Armenian banks bought a total of $60.1 million at the local forex market during a time span between July 6-9 at an average exchange rate of 367.54 Drams per one USD, the Central Bank of Armenia said. In the same time span the banks sold about $60.2 million at an average weighted exchange rate of 368.88 Drams per one USD.

The total amount of deals in US Dollars effected at NASDAQ OMX Armenia stock exchange in the reporting period totaled $10.8 million at an average weighted exchange rate of 365.97 Drams per one USD.

Also a total of $700,000 worth deals were concluded at the inter-bank market at 368.8 Drams per one USD. Besides, the banks extended 17.4 billion worth loans in Drams and $65.2 million loans in USD from June 28 to July 4. ($1 – 365.94 Drams).-0-

spot_img

POPULAR

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

Unibank Becomes Lead Sponsor of AGBU’s Global Run in Support of Camp Nairi

Unibank has become the Lead Sponsor of the AGBU Global Run in support of Camp Nairi, joining the worldwide fundraising initiative as a corporate donor to help children and families affected by war and displacement.

Cube Invest contributes to the development of Armenian investment market

At the initiative of leading investment company Cube Invest, the first-ever "INVESTMENT PERSPECTIVES 2026" conference was held, bringing together leading financial and banking experts, high-ranking representatives of government agencies and organizations, investors, and entrepreneurs.

Food prices account for 57% of inflation in Armenia – WB

Food and non-alcoholic beverage prices account for 57% of inflation, despite a slowdown in their growth rate from 8.6% in June to 6.4% in August, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Central Bank Chairman Doesn’t Rule Out Hike in Loan Rates in Armenia

Central Bank of Armenia Chairman Martin Galstyan didn't rule out an increase in loan interest rates in the country if the monetary policy tightening cycle continues.

LATEST NEWS

spot_imgspot_imgspot_img