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

Inflation of 4.2% recorded in Armenia in May

In Armenia, 12-month inflation in the consumer market in May of this year amounted to 4.2%, according to a report from the Statistical Committee of Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

Euro and dollar exchange rates against the Armenian dram have increased again, while the ruble has weakened again: 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 2, 2026, increased by 0.18 points compared to June 1, reaching 368.53 drams.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img