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

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.

Ardshinbank and Ameriabank Account for Over Half of Armenian Banks’ Profit in First 9 Months

Ardshinbank and Ameriabank generated 50.81% of the total profit of Armenian banks from January to September 2026, according to an operational bulletin from the ARKA news agency.

Armenia to allocate approx. €7.4 million for water infrastructure works; EIB loan availability period extended

YEREVAN, October 15. /ARKA/. Armenia will allocate approximately €7.4...

35 Years of Trust: IDBank Celebrates with Its Customers

IDBank continues its series of events marking its 35th anniversary, this time celebrating together with its customers.

LATEST NEWS

spot_imgspot_imgspot_img