Tue, 4 March
8.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

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

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

LATEST NEWS

spot_imgspot_imgspot_img