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

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Pensions, benefits, and cashback: Armenian government allocates 40.8 billion drams for these purposes

At its meeting on Thursday, the Armenian government decided to allocate 40.8 billion drams to fund pension and social payments for the fourth quarter of 2026.

Donate Blood, Save Lives: Idram&IDBank

To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.       

“The Golden Hour”: IDBank explains how to respond effectively to a scam attack

In medicine, there is a concept known as the “golden hour” – the critical time after an injury when assistance is most effective.

Armenia’s public debt to remain below 50% of GDP in the medium term – Finance Ministry

Armenia’s public debt will remain below 50% of GDP in the medium term, stated the Republic’s Minister of Finance, Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img