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

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 22, 2026, fell by 0.08 points compared to June 19, to 368.07 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

LATEST NEWS

spot_imgspot_imgspot_img