Armenian commercial banks buy $95 million at local foreign currency market December 20-24

Banks

YEREVAN, December 24, /ARKA/. Armenian commercial banks bought a total of $95 million at local foreign exchange market from December 20 to December 24 at an average weighted exchange rate of 359.19 Drams per one USD, the Central Bank of Armenia said.

In the same time span they sold a total of $105.3 million at 360.3 Drams per one USD. Also some $8.95 million worth deals in US Dollars were effected at NASDAQ OMX Armenia stock exchange .

The volume of deals at inter-bank forex market was $2.05 million. The deals were effected at an average weighted exchange rate of 360.49 Drams per $1.

Besides, from December 13 to December 16 Armenian commercial banks extended 24 billion Drams loans in Armenia’s national currency and $56.8 million loans in US Dollars. ($1 – 360.84 Drams). -0-

spot_img

POPULAR

Banks

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.
Banks

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.
Banks

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.
Insurance

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.
Banks

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Armenak Darbinian appointed member of Central Bank of Armenia Council
Next article
INGO ARMENIA” IC offers discount motor insurance system