Armenia’s commercial banks purchased $78.4 mln last week

YEREVAN, October 29. /ARKA/. Armenian commercial banks purchased over $78.4 million at an average weighted rate of 404.95 drams per $1 from 22 to 26 October in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Monday.

At the same period, the banks obtained nearly 5.9 million euros and about 712.4 million rubles at average weighted rates of 527.47 drams per €1 and 12.91 drams per 1 ruble respectively.

The banks sold $91.3 million, over €9.5 million and nearly 107.1 million rubles at average weighted rates of 406.12 drams, 529.42 drams and 13.11 drams respectively.

Moreover, from 15 to 21 October the volume of AMD loans provided by the Armenian banks totaled 30.9 billion drams, and USD loans- $49.9 million. ($1 – 405.3 drams).—

spot_img

POPULAR

Armenia to increase participant limit for private investment funds from 49 to 99

The National Assembly of Armenia adopted an amendment to the law "On Investment Funds" in its first reading at its session on Thursday.

Central Bank: Armenia’s international reserves exceed record $5.7 billion

Armenia's international reserves have reached a record high, exceeding $5.7 billion, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Euro fell 4.82 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 18, 2026, increased by 0.13 points compared to June 17, reaching 368.19 drams.

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

LATEST NEWS

spot_imgspot_imgspot_img