Armenia’s commercial banks purchased over $104.7 mln last week

YEREVAN, December 24. /ARKA/. Armenian commercial banks purchased over $104.7 million at an average weighted rate of 405.69 drams per dollar in the period from December 17 to 21 in forex intra-banking market, the press service of Armenia’s Central Bank reported.

At the same period, the banks obtained nearly 9.8 million euros and over 832.3 million rubles at average weighted rates of 533.63 drams per euro and 13.06 drams per ruble respectively.

The banks sold nearly $121.9 million, nearly €9.5 million and about 138.4 million rubles at average weighted rates of 406.8, 536.91 and 13.26 drams respectively.

Apart from that, in the period from December 10 to 16, Armenian commercial banks extended loans in local currency worth a total of 33.7bln drams and loans in USD worth a total of $46.9 million. ($1=404.75drams).–0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

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

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

LATEST NEWS

spot_imgspot_imgspot_img