Armenian Commercial Banks Buy $81.5 Million At Forex Market December 6-10

YEREVAN, December 10, /ARKA/. Armenian commercial banks bought a total of $81.5 million аt the local forex market on December 6-10 at an average weighted exchange rate of 359.41 Drams per one USD, the Central Bank’s press service said today.

It said a total of $80.7 million were sold at the forex market in the same time span at an average exchanger ate of 360.53 Drams per one USD. Also the volume of transactions in USD effected at NASDAQ OMX Armenia stock exchange totaled $10.5 million. The average exchange rate of transactions was 359.87 Drams per one USD. Also $.5.1 million were sold and bought between banks at 360.13 Drams per one USD.

Besides, Armenian banks extended 19.4 billion Drams worth loans on November 29-December 5 and also loans in USD worth $35.9 million. ($1 – 359.93 Drams). –0–

spot_img

POPULAR

EDB assessed the reasons for rising inflation in Armenia and maintenance of refinancing rate

Inflation in Armenia accelerated in April amid rising prices for food and non-food products, according to the Eurasian Development Bank's weekly macro review.

FINTECH360 International Conference Held in Armenia

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

Armenia Needs New Projects to Be Financed by Banks and Pension Funds: Central Bank Governor

Armenia needs high-quality projects that could be financed by banks and pension funds, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img