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

Sevak Mikayelyan elected as a member of the Board of the Central Bank of Armenia

The National Assembly of Armenia elected Sevak Mikayelyan as a member of the Board of the Central Bank of Armenia.

The “Climate Change and Women” Award Ceremony Took Place at COP17: Idram and IDBank

From climate change mitigation to environmental education and innovative solutions, the "Climate Change and Women" award ceremony united leading women in the field, highlighting their initiatives and contributions to biodiversity conservation.

Central Bank of Armenia conducts currency interventions to prevent market turmoil – Galstyan

In the face of a significant influx of foreign capital, the Central Bank of Armenia periodically conducts currency interventions to prevent serious turmoil in the currency market.

Dollar and ruble exchange rates rose, while the euro continued to decline: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.05 points on October 27, 2026, compared to October 26, 2026, to 360.93 drams.

Armenia’s commercial banks contributed 149.22 billion drams to the state budget in the first nine months of 2026

All 17 commercial banks currently operating in Armenia were included in the list of the country’s 1,000 largest taxpayers for the first nine months of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img