Armenia’s commercial banks purchased over $98.5 mln last week

YEREVAN, December 10. /ARKA/. Armenian commercial banks purchased over $98.5 million at an average weighted rate  of 406.25 drams per $1 from 3 to 7 December 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 8 million euros and over 830.9 million rubles at average weighted rates of  529.51 drams per €1 and 13.05 drams per 1 ruble respectively.
The banks sold nearly  $$114.6 million, nearly €13.5 million and about 122.3 million rubles at average weighted rates of 407.24, 532.9 and 13.25 drams respectively.

Moreover, from November 26 to December 2 the volume of AMD loans provided by the Armenian banks totaled  41.8 billion drams, and USD loans- $68.5 million. ($1 – 407.24 drams). —

spot_img

POPULAR

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

More than just awards: the Junius Financial Tournament has concluded

Complex calculations, tough competition and major victories: the popular among children Junius Financial Tournament has come to an end.

LATEST NEWS

spot_imgspot_imgspot_img