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

Armenia’s Deputy Prime Minister discussed infrastructure development and the green economy with an EBRD delegation

Armenian Deputy Prime Minister Tigran Khachatryan discussed infrastructure modernization and the transition to a green economy with a delegation led by Elisabetta Falcetti, Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD).

ARKA news agency launches special project about its products and services to celebrate its 30th anniversary

To celebrate its 30th anniversary, ARKA News Agency has launched a new special project dedicated to its products and services.

Auction Held for Placement of Government Bonds Exceeding 112.5 bln AMD

An auction took place at the Armenia Stock Exchange for the placement of government bonds totaling over 112.5 billion AMD, specifically:

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

LATEST NEWS

spot_imgspot_imgspot_img