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

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 19, 2026, rose by 0.17 points compared to May 18, to 368.21 drams.

531,000 pensioners in Armenia are already receiving cashback for non-cash transactions: minister

As of April 2026, 531,000 pensioners and benefit beneficiaries in Armenia were using the cashback program for non-cash purchases, according to RA Minister of Labor and Social Affairs Arsen Torosyan.

Armenia is discussing introducing bank restructuring mechanisms instead of liquidation procedures

The Parliamentary Committee on Financial, Credit, and Budgetary Affairs of Armenia yesterday approved the draft new law "On Bank Restructuring," which had been discussed in the first reading, along with several related laws.

Net non-commercial remittances in Armenia accelerated to 11.7% in March – WB

Net non-commercial remittances in Armenia increased by 11.7% year-on-year in March, following a 5.2% year-on-year increase in February, according to the World Bank's "Armenia Monthly Economic Update – May 2026."

Yerevan’s budget revenues for the first four months amounted to 31.6 billion drams, with a 111.2% performance rate

From January to April 2026, the Yerevan budget actually received 31.6 billion drams of its planned 28.5 billion drams in revenues, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img