Armenia’s Commercial Banks purchase over $97.5mln at intra-banking forex market last week

YEREVAN, October 7. /ARKA/.  Armenian commercial banks purchased more than $97.5mln at a weighted average rate of 404.60drams per $1 in intra-banking foreign exchange market from September 30 to October 4, the press service of the Central Bank reported.

In the same period, about 7.4mln euros and over 703.2mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 548.01drams per €1 and 12.45drams per ruble respectively.

At the same time, about $126mln, about €8.7mln and about 85.4mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 405.81drams, 550.75drams and 12.62drams respectively.

Dram loans extended by Armenian banks during the week before (September 23-28) totalled 42.4bln drams; dollar loans amounted to a total of $59mln. ($1=405.29drams).  –0–

spot_img

POPULAR

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img