Thu, 26 February
5.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

Unibank’s perpetual bonds have been listed on the Armenia Securities Exchange

Unibank’s perpetual bonds have been listed on the Armenia Securities Exchange, allowing for manual and REPO trading.

Euro, dollar, and ruble exchange rates against the Armenian dram fell after two days of gains: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 25, 2026, fell by 0.92 points compared to February 24, to 376.92 drams.

S&P assesses risks to Armenia’s financial stability as contained

International rating agency S&P Global Ratings assesses risks to Armenia's financial stability as contained.

LATEST NEWS

spot_imgspot_imgspot_img