Wed, 30 July
29.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian Commercial Banks Buy $80 Million At Local Foreign Exchange

YEREVAN October 15, /ARKA/. In a time span from October 11 to 15 Armenian commercial banks bought a total of $80 million at the local foreign exchange market at an average weighted exchange rate of 360.60 Drams per one USD, the Central Bank of Armenia said today.

It said the banks sold $80.2 million in the same period of time at an average weighted exchange rate of 362.04 Drams per one USD. The aggregate amount of deals in USD effected at NASDAQ OMX Armenia stock exchange reached $15.7 million at 360.61 Drams per one USD.

The Central Bank said also a total of $450,000 worth transactions to buy and sell USD were made by banks at intra-bank market at 361.06 Drams per one USD. Besides, October 4-10 the banks extended loans in Armenian national currency worth 14.8 billion Drams and also loans in USD worth $45.8 million. ($1 – 360.51 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

LATEST NEWS

spot_imgspot_imgspot_img