Mon, 28 July
27.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s commercial banks purchase over $78.6mln at intra-banking forex market last week

YEREVAN, September 2. /ARKA/. Armenian commercial banks purchased more than $78.6mln at a weighted average rate of 405.60drams per $1 in intra-banking foreign exchange market on August 26-30, the press service of the Central Bank reported.

In the same period, about 6.8mln euros and over 787.1mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 540.19drams per €1 and 12.16drams per ruble respectively.

At the same time, about $93.4mln, about €11.1mln and about 103.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.61drams, 542.76drams and 12.31drams respectively.

Dram loans extended by Armenian banks during the week before (August 19-25) totalled 36.8bln drams; dollar loans amounted to a total of $34.1mln. ($1=406.24drams).–0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img