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

Armbanks Weekly Digest: key events of the financial market of Armenia (November 2–8)

Armenia's financial agenda last week focused on tightening monetary policy, regulating bank liquidity and discussing public debt parameters.

Rate.Trading: Large Transactions with Digital Management of Exchange Rate Risks

Buying real estate often involves various logistical considerations.

From Dream to Reality: IDBank’s Special Mortgage Terms at TOON EXPO.Invest 2026

True to its commitment to offering flexible and modern financial solutions, IDBank participates in TOON EXPO.Invest 2026 Vol. 2 with special mortgage offers.

Armenian Government Approves Agreements with EBRD for Construction of Two Customs and Logistics Centers Worth €57 Million

Approximately €57 million in loan and grant funds from the European Bank for Reconstruction and Development (EBRD) has been allocated for the construction of customs and logistics centers in Yerevan and Armenia’s Syunik Province.

35% Discount for the 35th Anniversary on Selected IDBank Cards

IDBank continues its series of initiatives dedicated to its 35th anniversary. To mark this jubilee year, the Bank presents another profitable offer to its customers.

LATEST NEWS

spot_imgspot_imgspot_img