Tue, 29 April
19.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Armenia’s commercial banks purchase over $89.4mln at intra-banking forex market last week

YEREVAN, August 20. /ARKA/. Armenian commercial banks purchased more than $89.4mln at a weighted average rate of 406.37drams per $1 in intra-banking foreign exchange market on August 12-16, the press service of the Central Bank reported.

In the same period, about 6.2mln euros and over 830.6mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 539.40drams per €1 and 12.24drams per ruble respectively.

At the same time, about $99.6mln, about €9.2mln and about 89.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 407.57drams, 543.02drams and 12.41drams respectively.

Dram loans extended by Armenian banks during the week before (August 5-11) totalled 28.2bln drams; dollar loans amounted to a total of $38.9mln. ($1=406.42drams). –0–

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

In Armenia, remittances have begun to recover after a 35% decline in 2024

On the demand side, average real wages in Armenia have increased in 2025, and net money transfers have shown an upward trend, contributing to consumption growth, according to the World Bank's Armenia Monthly Economic Update – April 2025.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

LATEST NEWS

spot_imgspot_imgspot_img