Tue, 3 February
3.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

Armenia’s banks gain over $83.9 mln at intra-bank foreign currency market last week

YEREVAN, May 4. /ARKA/. Armenian banks gained nearly $83.9 million at 391.84 drams per $1 average weighted rate last week (23-28 April) at intra-bank market of foreign currency, Armenia’s Central Bank reports ARKA.

Within the same period the banks obtained nearly 8.1 million euros and about 615.2 million rubles at 515.97 drams per €1 and 13.23 drams per 1 rubles.

At the same time they sold over $101.1 million, over €8.5 million euros and nearly 73.1 million rubles at 392.84 drams, 519.36 drams and 13.42 drams respectively.

At the interbank market the amount of USD purchase/sale transactions totaled in $1.7 million at 392.65 drams per $1 average weighted rate. No euro or ruble transactions were registered within the reported period.

Moreover, Armenian banks allocated 25 billion drams and $43 million dollars in loans throughout April 16-22. ($1 – 392.56 drams). –0–

spot_img

POPULAR

Euro, dollar, and ruble drop against Armenian dram

As of February 3, 2026, the average exchange rate of the US dollar against the Armenian dram in the Armenian foreign exchange market has risen by 0.59 points from February 2, now standing at 378.44 drams.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

LATEST NEWS

spot_imgspot_imgspot_img