Armenia’s commercial banks purchase over $81.2mln at intra-banking forex market last week

YEREVAN, February 4. /ARKA/. Armenian commercial banks purchased more than $81.2mln at a weighted average rate of 406.37drams per $1 in intra-banking foreign exchange market in the period from January 29 to February 1, the press service of the Central Bank reported.

In the same period, about 6.4mln euros and over 485.7mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 546.77drams per €1 and 13.4drams per ruble respectively.

At the same time, about $85.17mln, about €8.7mln and about 139mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 407.63drams, 549.67drams and 13.63drams respectively.

Dram loans extended by Armenian banks on January 21-27 totalled 40.7bln drams; dollar loans amounted to a total of $59.3mln. ($1=406.57drams).–0–

spot_img

POPULAR

AMX Hosts Auction for 25 Billion Dram Government Bond Issuance

An auction for the issuance of government bonds totaling 25 billion drams took place at the Armenia Securities Exchange (AMX) on October 13, the exchange's press service reported.

World Bank Group Mobilizes $342 Million in Private Capital in Armenia in FY2026—a 56-Fold Increase Since FY2022

The World Bank Group mobilized $342 million in private capital in Armenia during the 2026 fiscal year—a 56-fold increase compared to the $6 million recorded in the 2022 fiscal year, the World Bank’s Armenia office reported.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 5–11)

Armenia’s financial agenda last week covered inflation trends, capital market activity, new bank bond issuances, and cross-border remittances.

Armenia to allocate approx. €7.4 million for water infrastructure works; EIB loan availability period extended

YEREVAN, October 15. /ARKA/. Armenia will allocate approximately €7.4...

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

LATEST NEWS

spot_imgspot_imgspot_img