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

Unibank Joins the Armenian Solar Energy Association

Unibank has joined the Armenian Solar Energy Association (ASEA), which brings together companies in the renewable energy sector.

Idram’s “City of Good Deeds”: From Teamwork to Real Charitable Projects

“City of Good Deeds” was the theme of Idram’s annual team-building event this year, which stood out for its unique purpose.

Central Bank of Armenia and IMF Discuss Macroeconomic Situation and Financial System Reforms

A concluding meeting took place at the Central Bank of Armenia with an IMF delegation led by Mark Horton, the IMF mission chief for Armenia.

Armenia to adjust notification procedures for universal health insurance system

During its session on Thursday, the Armenian government approved changes to the notification procedures regarding the status of insured persons within the universal health insurance system.

EDB expects Armenia’s GDP to grow by 6% in 2026 amid high economic activity

The Eurasian Development Bank (EDB) expects Armenia's GDP to increase by 6% in 2026, according to the bank's weekly macro-review.

LATEST NEWS

spot_imgspot_imgspot_img