Armenian commercial banks buy $86.4 million at local forex market on June 11-15

YEREVAN, June 19, /ARKA/. Armenian commercial banks bought a total of $86.4 million at the local forex market on June 11-15 at the average exchange rate of 413.08 drams per one USD, the Central Bank of Armenia told ARKA.

It said the banks bought also about 4.9 million euros at 516.58 drams exchange rate per one euro and over 563 million rubles at 12.27 drams rate per one ruble. In the same time span the banks sold over $97.3 million at 414.42 drams rate, over €7.2 million at 520.85 drams exchange rate and 73 million rubles at 12.79 drams exchange rate per one ruble.

Besides, from June 4 to June 10 the banks provided 26.6 billion drams worth loans in Armenian currency and $39.6 million loans in USD. ($1 – 414.96 drams). -0-

spot_img

POPULAR

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

Armenian capital market needs not only technology, but also a mature regulatory and infrastructural environment – ​​NABIX founder

The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img