Fri, 16 January
-6.9 C
Yerevan
USD: 379.42 RUB: 4.83 EUR: 441.46 GEL: 140.79 GBP: 509.18

Commercial banks bought $71.61 million at local forex market on August 20-24

YEREVAN, August 24,. /ARKA/. Armenian commercial banks bought a total of $71.61 million at the local forex market on August 20-24 at the average exchange rate of 409.92 drams per one USD, the Central Bank of Armenia told ARKA. It said the banks bought also about7.5 million euros at 508.39 drams exchange rate per one euro and over 850.1 million Russian rubles at 12.73 drams rate per one ruble.

In the same time span the banks sold over $92.7 million at 410.979 drams rate, about €9.8 million at 511.35 drams exchange rate and 87 million rubles at 12.94 drams exchange rate per one ruble.
Besides, from August 13 to 19 the banks provided 27.9 billion drams worth loans in Armenian currency and $43.7 million loans in USD. ($1 – 409.40 drams). -0-

spot_img

POPULAR

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

LATEST NEWS

spot_imgspot_imgspot_img