Armenia’s commercial banks purchased over $74.2 mln last week

YEREVAN, May 29. /ARKA/. Armenian commercial banks obtained nearly $74.2 million at weighted average rate 400.9 drams per $1 within May 21-25 in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Tuesday.

At the same period, the banks purchased over 4.4 million euros and about 527.9 million rubles at weighted average rate 506.85 drams per €1 and 12.69 drams per 1 ruble.

The banks sold over $101.6 million, over €11.1 million and nearly 96.4 million rubles at weighted average rate 402.9 drams, 512.14 drams and 12.9 drams respectively.

USD purchase-sales were amounted to $2.2 million at weighted average rate 407.44 drams per $1 in inter-banking market of the foreign currency within the reported period. Transactions in rubles and euros were not made

Moreover, within May 14-20, the volume of dram loans provided by the Armenian banks totaled 29 billion drams, and USD loans- $35 million. ($1 –406.68 drams).—0–

spot_img

POPULAR

International investors own 7-8% of Armenia’s dram-denominated government debt – Central Bank

Global institutional investors own approximately 7-8% of Armenia's dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.

Business registration is now available at Unibank

Business registration is the first step toward starting your own venture.

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img