Armenia’s commercial banks purchase over $93.5mln at intra-banking forex market last week

YEREVAN, July 1. /ARKA/. Armenian commercial banks purchased more than $93.5mln at a weighted average rate of 409.57drams per $1 in intra-banking foreign exchange market on June 24-28, the press service of the Central Bank reported.

In the same period, about 6.9mln euros and over 761.9mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 534.52drams per €1 and 12.40drams per ruble respectively.

At the same time, about $99.1mln, about €14.9mln and about 123.4mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 411.17drams, 537.97drams and 12.59drams respectively.

Dram loans extended by Armenian banks during the week before (June 17-23) totalled 33.3bln drams; dollar loans amounted to a total of $40.3mln. ($1=409.90drams). –0–

spot_img

POPULAR

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Unibank joins the Partnership for Carbon Accounting Financials (PCAF)

Unibank has joined the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to integrating climate considerations into its financial activities and improving transparency around emissions.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: 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 April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 23–29)

The week in the Armenian financial market was marked by a combination of fiscal clarifications, regulatory changes, and institutional decisions.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

LATEST NEWS

spot_imgspot_imgspot_img