Armenian banks bought $77.7 million last week

YEREVAN, September 17. /ARKA/. Armenian commercial banks bought a total of $77.7 million at the local foreign exchange market on September 9-13 at the average exchange rate of 409.49 drams for $1, the press service of the Central Bank said.

In the same time span the banks bought around 10.5 million euros and more than 863.9 million rubles at average exchange rates of 540.88 drams for 1€ and 12,30 drams for 1 ruble respectively.

During the week the banks were said to have sold a total of $79.7 million, around €10.3 million and approximately 115.3 million rubles at 410.91, 544.49 and 12.49 drams respectively.

Besides, the banks issued 34.3 billion drams worth loans in the Armenian currency and $43.7 million worth loans in USD. ($ 1 – 409.41 drams). -0-

spot_img

POPULAR

About 10% of Armenia’s dram-denominated government debt is held by international institutional players: Central Bank Governor

Institutional players are entering the dram-denominated government debt market in Armenia, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Continuous liquidity and fair pricing must be ensured in the Armenian foreign exchange market — Central Bank

One of the main tasks of the Central Bank of Armenia is to ensure continuous liquidity and fair pricing in the foreign exchange market, stated Martin Galstyan, head of the regulator.

An unforgettable day instead of toys: June 1st guide from Idram&IDBank

June 1st, International Children’s Day, is approaching – a perfect occasion to remind everyone about the importance of children’s rights and their well-being.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img