Commercial banks of Armenia in intra-banking market of foreign currency obtained $78.5 million last week

YEREVAN, April 2. /ARKA/. In intra-banking market of foreign currency of Armenia from the period of March 26-30 the banks obtained more than $78.5 million by weighted average rate of 388.99 drams per $1, press-service of CBA informed ARKA News Agency.
In intra-banking market of foreign currency about 6.3 million euro and about 461.8 million rubles by weighted average rate of 515.26 drams per €1 and 13.22 drams per 1 ruble was obtained.

In intra-banking market of foreign currency over $85.2 million, over €8.8 million and 137.9 million rubles by weighted average rate of 390.04 drams, 519.68 drams and 13.43 drams was sold respectively.

According to the press-release, in inter-banking market sale and purchase transactions in USD in the amount of about $1.1 million by weighted average rate of 389.08 drams per $1. Transactions in euro and rubles was not implemented in inter-banking market.
From March 19-25 the size of dram credits provided by the Armenian banks was 26.9 billion drams, and in dollars – $47.4 million. ($1 – 390.95 drams). -0-

spot_img

POPULAR

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

LATEST NEWS

spot_imgspot_imgspot_img