Armenia’s commercial banks purchase over $82.5mln at intra-banking forex market last week

YEREVAN, June 3. /ARKA/. Armenian commercial banks purchased more than $82.5mln at a weighted average rate of 416.12drams per $1 in intra-banking foreign exchange market from May 27 to June 1, the press service of the Central Bank reported.

In the same period, about 8.6mln euros and over 693mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 538.5drams per €1 and 13.10drams per ruble respectively.

At the same time, about $89.9mln, about €12.5mln and about 93.6mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 417.40drams, 542.06drams and 13.28drams respectively.

Dram loans extended by Armenian banks during the week before (May 20-26) totalled 37bln drams; dollar loans amounted to a total of $51.4mln. ($1=417.19drams). –0–

spot_img

POPULAR

Unibank and Unisport took part in the “Tricolor” Yerevan Beat Run

Employees of Unibank and the Unisport club took part in the "Tricolor" Yerevan Beat Run.

Unibank’s annual general meeting of shareholders will be held today: the bank’s net profit amounted to 9.8 billion drams

On June 22, 2026, the Annual General Meeting of Shareholders of Unibank OJSC will be held.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

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.

LATEST NEWS

spot_imgspot_imgspot_img