Armenia’s commercial banks purchased over $96.2 mln last week

YEREVAN, October 22. /ARKA/. Armenian commercial banks obtained over $96.2 million at an average weighted rate of 406.65 drams per $1 within October 15-19 in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports.

At the same period, the banks purchased nearly 7 million euros and about 864.2 million rubles at an average weighted rate of 526.47 drams per €1 and 13.03 drams per 1 ruble.
The banks sold $112.3 million, over €9.8 million and nearly 68.9 million rubles at average weighted rates 407.69 drams, 530.05 drams and 13.22 drams respectively.

Moreover, from 8 to 14 October, the volume of AMD loans provided by the Armenian banks totaled  28.8 billion drams, and USD loans- $64.4 million. ($1- 405.85 drams). —

spot_img

POPULAR

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

Armenia uncovers scheme to illegally import large sums of rubles and exchange them for dollars

The State Revenue Committee (SRC) of Armenia reported the discovery of cases of large amounts of foreign currency in cash being imported into the country and its possible involvement in shadow circulation.

LATEST NEWS

spot_imgspot_imgspot_img