Armenia’s Commercial Banks purchase over $81mln at intra-banking forex market last week

YEREVAN, October 28. /ARKA/. Armenian commercial banks purchased more than $81mln at a weighted average rate of 405.19 drams per $1 in intra-banking foreign exchange market on October 21-25, the press service of the Central Bank reported.

In the same period, about 5.7mln euros and over 849mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 554.51drams per €1 and 12.63drams per ruble respectively.

At the same time, about $95.4 mln, about €9.9 mln and about 118.9 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.26drams, 558.34drams and 12.82drams respectively.

Dram loans extended by Armenian banks during the week before (October 14-20) totalled 34.6bln drams; dollar loans amounted to a total of $36.9mln. ($1=405.84drams).  –0–

spot_img

POPULAR

Euro and dollar exchange rates against the Armenian dram have increased again, while the ruble has weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 2, 2026, increased by 0.18 points compared to June 1, reaching 368.53 drams.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img