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

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.

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.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

LATEST NEWS

spot_imgspot_imgspot_img