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

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7–13)

Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Euro, dollar, and ruble exchange rates against the Armenian dram have increased: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.9 points on September 15, 2026, compared to September 14, to 364.18 drams.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img