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

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 May 26, 2026, fell by 0.27 points compared to May 25, to 367.74 drams.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble weakened slightly: 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 May 29, 2026, increased by 0.13 points compared to May 27, reaching 368.18 drams.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 25-31) 

The week in Armenia's financial market was influenced by the Central Bank's signals on financial stability, credit risks, and banking sector profitability. Capital market development and client protection issues were also in focus.

On May 30, “Unisport” will compete for the title of the Armenian champion

On May 30, 2026, the second match of the playoff final of the Armenian Futsal Premier League will take place.

LATEST NEWS

spot_imgspot_imgspot_img