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

Central Bank of Armenia warns of fraudulent schemes involving bank accounts

YEREVAN, August 17. /ARKA/. Recently, there has been an increase in cases of criminals luring citizens into suspicious financial transactions using their bank accounts or cryptocurrency accounts, as well as e-wallets or cards to transfer criminally obtained funds, in order to conceal their true origin and beneficiaries, according to a statement from the Central Bank of Armenia's press service.

“AGROVISION” CJSC’s bonds were listed on Armenia Stock Exchange

YEREVAN, August 17. /ARKA/.  Today, “AGROVISION” CJSC, a company operating in the agro-industrial sector, became a listed company on the Armenia Stock Exchange (AMX).

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

A Major Business, Built with Own Hands: Royal Mattresses (VIDEO)

YEREVAN, August 14. /ARKA/. Approximately two decades ago, Aram Mnatsakanyan embarked on his journey as an entrepreneur by crafting high-quality mattresses.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img