Armenia’s commercial banks purchase over $77.1 mln at intra-banking forex market last week

YEREVAN, February 17. /ARKA/. Armenian commercial banks purchased more than $77.1mln at a weighted average rate of 411.18drams per $1 in intra-banking foreign exchange market on February 10-14, the press service of the Central Bank reported.

In the same period, about 4.8mln euros and over 576mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 559.46 drams per €1 and 11.72drams per ruble respectively.

At the same time, about $84.3mln, about €9.3mln and over 173mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 412.36drams, 563.87drams and 11.90drams respectively.

Dram loans extended by Armenian banks during the week before (February 3-9) totalled 31.5bln drams; dollar loans amounted to a total of $33.6mln. ($1=412.25drams).–0–

spot_img

POPULAR

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 23–29)

The week in the Armenian financial market was marked by a combination of fiscal clarifications, regulatory changes, and institutional decisions.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img