Armenia’s Commercial Banks purchase over $90.3mln at intra-banking forex market last week

YEREVAN, November 18. /ARKA/. Armenian commercial banks purchased more than $90.3mln at a weighted average rate of 404.78 drams per $1 in intra-banking foreign exchange market on November 11-15, the press service of the Central Bank reported.

In the same period, about 5.8mln euros and over 759.5mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 541.49drams per €1 and 12.28drams per ruble respectively.

At the same time, about $99.1 mln, about €10.7 mln and about 143.2 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 405.98drams, 545.24drams and 12.46drams respectively.

Dram loans extended by Armenian banks during the week before (November 4-10) totalled 33bln drams; dollar loans amounted to a total of $44.7mln. ($1=405.33drams).   –0–

spot_img

POPULAR

Unibank to Raffle a Trip to Italy

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

Become a Unibank shareholder and benefit from an attractive investment opportunity

Individuals and legal entities can acquire ordinary shares from Unibank’s new share issue until September 9, 2026, at a placement price of AMD 390 per share.

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.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img