Tue, 10 February
3.1 C
Yerevan
USD: 377.97 RUB: 4.87 EUR: 448.20 GEL: 140.60 GBP: 514.19

Armenia’s Commercial Banks purchase over $120.8mln at intra-banking Forex market last week

YEREVAN, September 30. /ARKA/. Armenian commercial banks purchased more than $120.8mln at a weighted average rate of 404.86 drams per $1 in intra-banking foreign exchange market on September 23-28, the press service of the Central Bank reported.

In the same period, about 9.6mln euros and over 989.6mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 545.99drams per €1 and 12.56drams per ruble respectively.

At the same time, about $126.5 mln, about €13.2 mln and about 114.4 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.49drams, 549.94drams and 12.73drams respectively.

Dram loans extended by Armenian banks during the week before (September 16-22) totalled 33.4bln drams; dollar loans amounted to a total of $38.8mln. ($1=405.06drams).  –0–

spot_img

POPULAR

Central Bank of Armenia maintains refinancing rate due to  balance of supply and demand – Galstyan

The Central Bank of Armenia's Board has opted to keep the refinancing rate steady, primarily because of the balance between supply and demand,  stated  the head of the bank, Martin Galstyan.

National Assembly Committee approved a €120.5 million loan agreement with the IBRD for the tourism development program

At its meeting on Monday, the Standing Committee on Financial, Credit, and Budgetary Affairs of the Armenian National Assembly approved the ratification of a €120.5 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for the Tourism and Regional Infrastructure Development Program (TRIP) in Armenia.

Market capitalization increased by 6.96% in January, exceeding 473 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for January 2026. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

Acba bank launches the new American Express Gold Debit Card

Acba bank, American Express' licensee in Armenia, launches the new American Express Gold Debit Card, offering exclusive benefits in travel and for everyday spend*.

LATEST NEWS

spot_imgspot_imgspot_img