Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s commercial banks purchased $91.5 mln last week

YEREVAN, February 11. /ARKA/. Armenian commercial banks purchased over $91.5 million at an average weighted rate of 405.65 drams per $1 from 4 to 8 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 8.6 million euros and over 478.5 million rubles at average weighted rates of 548.72 drams per €1 and 13.4 drams per 1 ruble respectively.

The banks sold nearly $100.8 million, about €11.8 million around 73.3 million rubles at average weighted rates of 406.56 drams, 551.61 and 13.59 drams respectively.

Moreover, from 28 January to 3 February the volume of AMD loans provided by the Armenian banks totaled 38.1 billion drams, and USD loans- $34.8 million. ($1 – 406.10 drams).—

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img