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

Central Bank of Armenia plans to implement Open Banking and change its approach to bank licensing – Galstyan

The Central Bank of Armenia plans to implement the concepts of Open Banking and Open Finance in the coming years, as well as change its approach to banking licensing. This was stated by Central Bank Chairman Martin Galstyan in an interview with Hetq.

Armenia’s commercial banks contributed 149.22 billion drams to the state budget in the first nine months of 2026

All 17 commercial banks currently operating in Armenia were included in the list of the country’s 1,000 largest taxpayers for the first nine months of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

Armenian brokerage market until 2030: ARKA agency presented a study

The Armenian brokerage market continues to grow, but its future development will be determined not so much by the number of open accounts as by its ability to attract and retain active investors.

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img