Fri, 19 September
14.1 C
Yerevan
USD: 382.59 RUB: 4.62 EUR: 452.83 GEL: 140.01 GBP: 522.58

Armenian commercial banks buy $75.2 million last week

YEREVAN, May 22. /ARKA/. Armenian commercial banks bought more than $75.2 million at the local forex market over a period between May 14 and 19 at the average exchange rate of 395.39 drams per one USD, the Central Bank of Armenia told ARKA.

It said the banks bought also about 145.7 million euros at 508.18 drams exchange rate per one euro and over 597.4 million rubles at 12.82 drams rate per one ruble.

In the same time span the banks sold over $90.7 million at 396.7 drams rate, about €152.8 million at 508.36 drams exchange rate and 109.8 million rubles at 13.04 drams exchange rate per one ruble.
The volume of inter-bank transactions was $3.5 million at 397.36 drams rate per one $1.

Neither euro nor ruble deals were effected at inter-bank market over the mentioned period of time.
Armenian banks lent AMD 24.5 billion and $36.8 million between April 30 and May 6. ($1 – AMD 398.79). -0–

spot_img

POPULAR

Investments without myths: CEO of Cube Invest on opportunities, risks and development prospects of Armenian capital market

Investments in the modern world are not only an opportunity to increase capital but also a powerful tool for economic development.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img