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

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

LATEST NEWS

spot_imgspot_imgspot_img