Armenia’s Commercial Banks purchase over $77.2 mln at intra-banking forex market last week

YEREVAN, November 11. /ARKA/. Armenian commercial banks purchased more than $77.2mln at a weighted average rate of 405.18drams per $1 in intra-banking foreign exchange market on November 4-8, the press service of the Central Bank reported.

In the same period, about 11.2mln euros and over 810mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 5476drams per €1 and 12.42drams per ruble respectively.

At the same time, about $89mln, about €14.5mln and about 109.1mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.40drams, 549.94drams and 12.59drams respectively.

Dram loans extended by Armenian banks during the week before (October 28- November 3) totalled 43.7bln drams; dollar loans amounted to a total of $64.2mln. ($1=405.95drams). –0–

spot_img

POPULAR

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Euro fell 4.82 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 18, 2026, increased by 0.13 points compared to June 17, reaching 368.19 drams.

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

Central Bank: Armenia’s international reserves exceed record $5.7 billion

Armenia's international reserves have reached a record high, exceeding $5.7 billion, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img