Armenia’s commercial banks purchased over $139 mln last week

YEREVAN, January 14. /ARKA/. Armenian commercial banks purchased over $139 million at an average weighted rate of 404.21 drams per $1 from 8 to 11 January 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 8.1 million euros and over 888.1 million rubles at average weighted rates of 531.4 drams per €1 and 13.16 drams per 1 ruble respectively.

The banks sold over $144.2 million, nearly €14.1 million and about 69.4 million rubles at average weighted rates of 405.71 drams, 534.10 drams and 13.44 drams respectively.

Moreover, from 24 December 2012 to 6 January 2013 the volume of AMD loans provided by the Armenian banks totaled 49 billion drams, and USD loans- $137.6 million. ($1 – 408.59 drams).—

spot_img

POPULAR

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Guesthouse “Bees and Beekeeping” in Lori Province

In the village of Vardablur in the Lori region, at the "Beeography" guesthouse, guests are welcomed with a honey drink, considered the guesthouse's signature dish.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

LATEST NEWS

spot_imgspot_imgspot_img