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

Head of CBA has ruled out excess profits at banks

The idea of ​​excess profits in the Armenian banking system is unfounded, and banks themselves remain one of the most transparent sectors of the country's economy.

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

Byblos Bank Armenia stands with CaseKey for the fourth year running

CaseKey 2026 is launching with unprecedented interest and new opportunities and, for the fourth consecutive year, with the support of Byblos Bank Armenia.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img