Armenia’s commercial banks purchase over $94.1mln at intra-banking forex market last week

YEREVAN, May 6. /ARKA/. Armenian commercial banks purchased more than $94.1mln at a weighted average rate of 410.74drams per $1 in intra-banking foreign exchange market in the period from April 29 to May 3, the press service of the Central Bank reported.

In the period, about 6.6mln euros and over 594mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 536.76drams per €1 and 13.10drams per ruble respectively.

At the same time, about $106.5mln, about €13.8mln and about 92.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 412.07drams, 539.80drams and 13.27drams respectively.

Dram loans extended by Armenian banks during the week before (April 22-28) totalled 30.7bln drams; dollar loans amounted to a total of $48.3mln. ($1=413.97drams).

spot_img

POPULAR

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

“Urgently Confirm Your Card Details”: IDBank Warns of Hotel Booking Scams

The vacation season traditionally becomes a peak time not only for tourists, but also for scammers. One of the most dangerous schemes in recent years targets users of hotel booking services.

Central Bank: Armenia’s current public debt level is not a cause for concern

The current level of Armenia's public debt is not a cause for concern, stated Deputy Governor of the Central Bank of Armenia Hovhannes Khachatryan.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

LATEST NEWS

spot_imgspot_imgspot_img