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

State Revenue Committee of Armenia has identified violations in the cryptoasset sector

The State Revenue Committee of Armenia has identified a number of violations in the sphere of the purchase and sale of cryptoassets and the provision of related services, the agency reports.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank's Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

LATEST NEWS

spot_imgspot_imgspot_img