Armenia’s commercial banks purchase over $104.2mln at intra-banking forex market last week

YEREVAN, May 20. /ARKA/. Armenian commercial banks purchased more than $104.2mln at a weighted average rate of 415.93drams per $1 in intra-banking foreign exchange market on May 13-18, the press service of the Central Bank reported.

In the same period, about 7.8mln euros and over 816.5mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 537.50drams per €1 and 13.19drams per ruble respectively.

At the same time, about $116.9mln, about €15.4mln and about 136mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 417.13drams, 540.56drams and 13.37drams respectively.

Dram loans extended by Armenian banks during the week before (May 6-12) totalled 33.1bln drams; dollar loans amounted to a total of $30.3mln. ($1=417.05drams).  –0

spot_img

POPULAR

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

LATEST NEWS

spot_imgspot_imgspot_img