Armenia’s commercial banks purchase over $100.3mln at intra-banking forex market last week

YEREVAN, December 9. /ARKA/. Armenian commercial banks purchased more than $100.3mln at a weighted average rate of 404.23 drams per $1 in intra-banking foreign exchange market on December 2-6, the press service of the Central Bank reported.

In the same period, about 6.9mln euros and over 800.8mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 549.03drams per €1 and 12.13drams per ruble respectively.

At the same time, about $107.1 mln, about €15.5 mln and about 140 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 405.51drams, 552.97drams and 12.30drams respectively.

Dram loans extended by Armenian banks during the week before (November 25 – December 1) totalled 50.5bln drams; dollar loans amounted to a total of $86mln. ($1=406.94drams). –0–

spot_img

POPULAR

Pashinyan: Regional Situation Increases Inflation Risks in Armenia

Armenian Prime Minister Nikol Pashinyan commented on the correlation between pension increases and rising inflation.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Euro rose against the Armenian dram, while the dollar and ruble fell: 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 March 25, 2026, fell by 0.12 points compared to March 24, to 377.2 drams.

Acba Leasing offers an effective interest rate of 1% on the purchase of construction equipment (VIDEO)

Reliable quality, high efficiency, and a wide selection of specialized equipment: for 15 years, Sino Armenia has been representing the best Chinese-made construction equipment in Armenia, according to the Acba Leasing press service.

Papoyan discussed economic reforms, export strategy, and investment with the head of the IMF mission to Armenia

YEREVAN, March 25. /ARКА/. Armenian Economy Minister Gevorg Papoyan...

LATEST NEWS

spot_imgspot_imgspot_img