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

An unforgettable day instead of toys: June 1st guide from Idram&IDBank

June 1st, International Children’s Day, is approaching – a perfect occasion to remind everyone about the importance of children’s rights and their well-being.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

Exchange rates of the euro and dollar against the Armenian dram have increased, the ruble has fallen – data from the Central Bank of...

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market on May 25, 2026, increased by 0.04 points compared to May 24 to 368.01 drams.

Government securities dominate Armenia’s capital market, with a volume of approximately $7.4 billion – Galstyan

Government securities dominate Armenia's capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

LATEST NEWS

spot_imgspot_imgspot_img