Tue, 28 October
10.1 C
Yerevan
USD: 382.70 RUB: 4.81 EUR: 445.50 GEL: 140.80 GBP: 510.64

Armenian banks bought over $85 million at local Forex market on April 16-20

YEREVAN, April 25. /ARKA/. Armenia-based commercial banks bought over $85 million at local forex market on April 16-20 at an average exchange rate of 392.03 drams per one USD, the Central Bank of Armenia told ARKA. It also bought about 7 million euros at 512.94 drams per one euro and 487.5 million Russian rubles at 13.16 drams per one ruble.

In the same time span the banks sold $100.6 million, over €13 million and about 94.1 million rubles
at 393.02, 515.95 and 13.37 drams exchange rates respectively. The banks also bought and sold $350,000 at inter-bank forex market at 392.93 drams per one USD. No transactions in euro or rubles were effected. Besides, from April 9 to 15 the banks provided 25.6 billion drams worth loans in Armenian national currency and $46.6 million loans in USD. ($1 – 392.56 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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

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

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img