Armenian Banks purchase over $77.7mln last week

YEREVAN, November 12. /ARKA/. Armenian commercial banks purchased more than 77.7mln dollars at an average weighted exchange rate of 407.15drams per USD on intra-banking foreign exchange market from November 5 to November 9, the press service of Armenia’s Central Bank reported.

Over the same period, the banks obtained about 7.1mln euros and about 768mln rubles at an average weighted rate of 520.13 drams per euro and 12.85 drams per ruble respectively.

The banks sold 83.8mln dollars, over 11.4mln euros and about 120.3mln rubles at an average weighted rate of 408.34 drams, 523.58 drams and 13.04 drams respectively.

Over the period from October 29 to November 4, dram loans extended by Armenian banks totaled 40.8bln drams, and dollar loans were 54mln dollars. ($1=408.91drams). –0—

spot_img

POPULAR

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Armenia has introduced a new model for assessing public debt sustainability

Armenia has introduced a new model for assessing public debt sustainability, while maintaining the previous ones.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

EDB: Cross-border remittance inflow to Armenia increased to $5.9 billion in 2025, net inflow by 8.6%

Cross-border remittance inflow to Armenia increased by 2.4% year-on-year in 2025, reaching $5.9 billion, according to the Eurasian Development Bank's March macroeconomic review.

LATEST NEWS

spot_imgspot_imgspot_img