Armenia’s commercial banks purchase over $88.8 mln at intra-banking forex market last week

YEREVAN, February 24. /ARKA/. Armenian commercial banks purchased more than $88.8mln at a weighted average rate of 411.38drams per $1 in intra-banking foreign exchange market on February 17-21, the press service of the Central Bank reported.

In the same period, over 5mln euros and about 673.6mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 563.58 drams per €1 and 11.56drams per ruble respectively.

At the same time, about $112.7mln, about €9.2mln and over 102.8mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 412.88drams, 567.31drams and 11.70drams respectively.

Dram loans extended by Armenian banks during the week before (February 10-16) totalled 36.1bln drams; dollar loans amounted to a total of $41.3mln. ($1=412.81drams). –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.

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 30, 2026, rose by 0.36 points compared to March 27, to 377.54 drams.

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.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

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.

LATEST NEWS

spot_imgspot_imgspot_img