Fri, 7 March
2.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img

Armenian commercial banks buy a total of $70.6 million at local forex market on May 29-June 1

YEREVAN, June 5, /ARKA/. Armenian commercial banks bought a total of $70.6 million at the local forex market on May 29-June 1 at the average exchange rate of 405.38 drams per one USD, the Central Bank of Armenia told ARKA.
It said the banks bought also about 5.7 million euros at 505.29 drams exchange rate per one euro and over 513 million rubles at 12.36 drams rate per one ruble. In the same time span the banks sold over $90.8 million at 406.99 drams rate, over €11.1 million at 508.83 drams exchange rate and 102.4 million rubles at 12.63 drams exchange rate per one ruble.
Besides, from May 21 to May 27 the banks provided 30.5 billion drams worth loans in Armenian currency and $41.7 million loans in USD. ($1 – 407.09 drams).  -0-

YEREVAN, June 5, /ARKA/. Armenian commercial banks bought a total of $70.6 million at the local forex market on May 29-June 1 at the average exchange rate of 405.38 drams per one USD, the Central Bank of Armenia told ARKA.

It said the banks bought also about 5.7 million euros at 505.29 drams exchange rate per one euro and over 513 million rubles at 12.36 drams rate per one ruble. In the same time span the banks sold over $90.8 million at 406.99 drams rate, over €11.1 million at 508.83 drams exchange rate and 102.4 million rubles at 12.63 drams exchange rate per one ruble.

Besides, from May 21 to May 27 the banks provided 30.5 billion drams worth loans in Armenian currency and $41.7 million loans in USD. ($1 – 407.09 drams).  -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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 gains 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 3, 2025, amounted to 393.69 drams, having increased by 0.34 points compared to February 28.

Armenia intends to attract funding from the UN Green Climate Fund for climate projects

Armenia plans to secure low-interest loans from the UN Green Climate Fund (GCF) to implement climate change programs.

Euro exchange rate rose by 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 4, 2025, amounted to 393.86 drams, having increased by 0.17 points compared to March 3.

LATEST NEWS

spot_imgspot_imgspot_img