Armenia’s Commercial Banks purchase over $80.2mln at intra-banking forex market last week

YEREVAN, January 29. /ARKA/. Armenian commercial banks purchased more than $80.2mln at a weighted average rate of 405.43drams per $1 in intra-banking foreign exchange market on January 21-25, the press service of the Central Bank reported.

In the same period, about 9.5mln euros and over 528mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 540.82drams per €1 and 13.29drams per ruble respectively.

At the same time, about $96mln, about €11.1mln and about 80.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.47drams, 542.81drams and 13.49drams respectively.

Dram loans extended by Armenian banks during the week totalled 30bln drams; dollar loans amounted to a total of $41.3mln. ($1=406.29drams). –0–

spot_img

POPULAR

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img