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

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

A New Level of Insurance Innovation: The Armenian Bureau of Motor Insurers and GAIP Sign a Cooperation Agreement

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Armenia Central Bank Governor: Open Banking Will Strengthen Clients’ Position with Financial Institutions

The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.

LATEST NEWS

spot_imgspot_imgspot_img