Armenia’s Commercial Banks purchase over $101mln at intra-banking forex market last week

YEREVAN, July 22. /ARKA/. Armenian commercial banks purchased more than $101mln at a weighted average rate of 409.67drams per $1 in intra-banking foreign exchange market from July 15 to July 19, the press service of the Central Bank reported.

In the same period, about 6.5mln euros and over 832.4mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 534.72drams per €1 and 12.53drams per ruble respectively.

At the same time, about $113.6mln, about €12.3mln and about 83.4mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 410.86drams, 538.97drams and 12.69drams respectively.

Dram loans extended by Armenian banks during the week before (July 8-14) totalled 31.8bln drams; dollar loans amounted to a total of $45.4mln. ($1=410.27drams).  –0–

spot_img

POPULAR

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

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.

Byblos Bank Armenia launches new exclusive campaign for Mastercard World cardholders

YEREVAN, April 6. /ARKA/. Byblos Bank Armenia has announced the launch of a special campaign exclusively for the Bank’s Mastercard World cardholders.

“A friend” needs money urgently. IDBank warns that trust can be exploited on social media

In Armenia, the fraud scheme based on trust in relatives continues to remain widely spread. Fraudsters exploit users’ care and willingness to help those in danger.

LATEST NEWS

spot_imgspot_imgspot_img