Tue, 3 February
3.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

Armenia’s commercial banks purchase over $80.8mln at intra-banking forex market last week

YEREVAN, May 29. /ARKA/. Armenian commercial banks purchased more than $80.8mln at a weighted average rate of 415.62drams per $1 in intra-banking foreign exchange market in the period from May 20 to 24, the press service of the Central Bank reported.

In the period, about 4mln euros and over 607mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 533.96drams per €1 and 13.19 drams per ruble respectively.

At the same time, about $94.6mln, about €10.6mln and about 116.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 416.65drams, 537.75drams and 13.37drams respectively.

Dram loans extended by Armenian banks during the week before (May 13-19) totalled 35bln drams; dollar loans amounted to a total of $39.4mln. ($1=415.35drams).–0–

spot_img

POPULAR

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Central Bank of Armenia maintains refinancing rate due to  balance of supply and demand – Galstyan

The Central Bank of Armenia's Board has opted to keep the refinancing rate steady, primarily because of the balance between supply and demand,  stated  the head of the bank, Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img