Armenia’s Commercial Banks purchase over $96.7 mln at intra-banking forex market last week

YEREVAN, December 16. /ARKA/. Armenian commercial banks purchased more than $96.7mln at a weighted average rate of 404.87drams per $1 in intra-banking foreign exchange market on December 9-13, the press service of the Central Bank reported.

In the same period, about 7.2mln euros and over 780.6mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 554.90drams per €1 and 12.26drams per ruble respectively.

At the same time, about $105.1mln, about €12.9mln and about 140.8mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.05drams, 558.79drams and 12.46drams respectively.

Dram loans extended by Armenian banks during the week before (December 2-8) totalled 40.4bln drams; dollar loans amounted to a total of $34.9mln. ($1=404.95drams).  –0–

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad almost doubled in 9 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, exceeded $2 billion in January-September 2026, compared to $1.02 billion in January-September 2025, according to a report from the Central Bank of the Republic.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 26 – November 1)

The financial agenda for the week included a review of bank capital requirements, preparation of a framework for thematic bonds, and the development of a digital financial services infrastructure.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s public debt-to-GDP ratio in 2027 may exceed the expected 2026 figure by 0.7 percentage points

Armenia's public debt-to-GDP ratio in 2027 is projected to be 47.2%, which is 0.7 percentage points higher than the expected 2026 figure, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img