Sun, 11 May
16.1 C
Yerevan
USD: 389.25 RUB: 4.73 EUR: 439.39 GEL: 141.96 GBP: 516.22
spot_img

Armenian banks capable of managing currency risks- Armenia’s Union of Banks Head

YEREVAN, September 14. /ARKA/. Armenian banks are capable of managing their currency risks appropriately, Chairman of Armenia’s Union of Banks Ashot Osipyan told journalists on Friday.

One of such risks is real economy lending in currency, he added.

In reference to this Osipyan said that if a subject has a currency risk, a bank will give a credit in AMD.

“That is why the Armenian banks started attracting more means in the national currency from international structures. This is done in order to pass this risk to the shoulders of the borrower,” he underscored.

Earlier head of EBRD Armenia Mr. Razlog said that international organizations are currently allocating credits to Armenia in AMD to reduce currency risks. —0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar to Armenian dram exchange rate remains unchanged

The average market exchange rate of the US dollar to the Armenian dram on March 26, 2025, remained at 391.8 drams, unchanged compared to March 25.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

LATEST NEWS

spot_imgspot_imgspot_img