Armenia’s Commercial Banks purchase over $85.3mln at intra-banking forex market last week

YEREVAN, February 19. /ARKA/. Armenian commercial banks purchased more than $85.3mln at a weighted average rate of 406 drams per $1 in intra-banking foreign exchange market on February 11-15, the press service of the Central Bank reported.

In the same period, about 4.8mln euros and over 527.6mln rubles were purchased at intra-banking forex market at weighted average exchange rates of 543.05drams per €1 and 13.38drams per ruble respectively.

At the same time, about $86mln, about €13.9mln and about 84.4mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 407.03drams, 543.32drams and 13.56drams respectively.

Dram loans extended by Armenian banks during February 4-10 totalled 29bln drams; dollar loans amounted to a total of $39.1mln. ($1=406.55drams).  –0–

spot_img

POPULAR

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 to Strictly Monitor Disclosure of Bond Issues – Galstyan

Central Bank of Armenia Governor Martin Galstyan stated the need to closely monitor issuers' disclosures when issuing bonds.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on March 17, the Board of the Central Bank of Armenia maintained the refinancing rate at 6.50% for the third consecutive time.

Armenia’s risk premium increased amid events in the Middle East – Galstyan

The risk premium in Armenia has increased slightly due to events in the Middle East, although not as much as in other countries in the region and beyond, stated Martin Galstyan, head of the Central Bank of Armenia.

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).

LATEST NEWS

spot_imgspot_imgspot_img