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

State Revenue Committee of Armenia has identified violations in the cryptoasset sector

The State Revenue Committee of Armenia has identified a number of violations in the sphere of the purchase and sale of cryptoassets and the provision of related services, the agency reports.

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 11–17) 

Last week's agenda included issues of credit institution sustainability, public debt structure, capital market development, and digital financial services. Special attention was paid to SME access to bank financing, Open Banking, and insurance technologies.

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

LATEST NEWS

spot_imgspot_imgspot_img