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

YEREVAN, November 4. /ARKA/. Armenian commercial banks purchased more than $81mln at a weighted average rate of 404.7 drams per $1 in intra-banking foreign exchange market on October 28 – November 1, the press service of the Central Bank reported.

In the same period, about 7.4mln euros and over 773.3mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 555.62drams per €1 and 12.57drams per ruble respectively.

At the same time, about $110.35mln, about €15.4 mln and about 123.7 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 405.96drams, 559.73drams and 12.76drams respectively.

Dram loans extended by Armenian banks during the week before (October 21-27) totalled 32.4bln drams; dollar loans amounted to a total of $41.2mln. ($1=405.26drams).  –0–

spot_img

POPULAR

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

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.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

LATEST NEWS

spot_imgspot_imgspot_img