Armenia’s Commercial Banks purchase over $86.2 mln at intra-banking forex market last week

YEREVAN, October 21. /ARKA/. Armenian commercial banks purchased more than $86.2mln at a weighted average rate of 406.50drams per $1 in intra-banking foreign exchange market on October 14-18, the press service of the Central Bank reported.

In the same period, about 6.6mln euros and over 883.6mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 550.76drams per €1 and 12.54drams per ruble respectively.

At the same time, about $83.1mln, about €11.1mln and about 115.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 407.89drams, 553.80drams and 12.73drams respectively.

Dram loans extended by Armenian banks during the week before (October 7-13) totalled 31.2bln drams; dollar loans amounted to a total of $26.8mln. ($1=406.51drams). –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.

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.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

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.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

LATEST NEWS

spot_imgspot_imgspot_img