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

Yerevan’s budget revenues for the first four months amounted to 31.6 billion drams, with a 111.2% performance rate

From January to April 2026, the Yerevan budget actually received 31.6 billion drams of its planned 28.5 billion drams in revenues, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

Planning your trip from a scratch: tips from IDBank

Have you already decided where you want to spend your vacation? While being on a trip is always associated with pleasant expectations, planning it can sometime turn into a real disaster.

Unisport reaches the finals of the Futsal Armenian Cup and Premier League

Unisport FC continues to deliver strong performances in Armenian futsal, competing successfully in both the Futsal Armenian Cup and the Futsal Armenian Premier League. The team once again confirmed its high level by securing places in the finals of two major tournaments.

VTB (Armenia) Improves Terms for Real Estate-Secured Loans

VTB (Armenia) has updated the terms of its consumer loans secured by real estate, making the product more accessible and flexible for retail clients. Under the updated offer, clients can apply for a loan of up to 30 million drams, using residential or commercial real estate as collateral within the country.

LATEST NEWS

spot_imgspot_imgspot_img