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

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Armenian capital market needs not only technology, but also a mature regulatory and infrastructural environment – ​​NABIX founder

The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img