Armenia’s commercial banks purchase about $91.4 mln at intra-banking forex market last week

YEREVAN, March 3. /ARKA/. Armenian commercial banks purchased about $91.4mln at a weighted average rate of 412.15drams per $1 in intra-banking foreign exchange market on February 24-28, the press service of the Central Bank reported.

In the same period, about 7.5mln euros and over 677.7mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 564.91 drams per €1 and 11.44drams per ruble respectively.

At the same time, about $111.7mln, over €9.7mln and over 120.6mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 413.29drams, 568.30drams and 11.60drams respectively.

Dram loans extended by Armenian banks during the week before (February 17-23) totalled 37.7bln drams; dollar loans amounted to a total of $37.3mln. ($1=413.15drams). N.V. –0–

spot_img

POPULAR

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

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

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 19, 2026, fell by 0.04 points compared to June 18, to 368.15 drams.

Central Bank of Armenia explained in what cases it intervenes in the foreign exchange market

The Central Bank of Armenia intervenes in the foreign exchange market when the market becomes one-sided, stated Central Bank Chairman Martin Galstyan.

Central Bank: Armenia’s international reserves exceed record $5.7 billion

Armenia's international reserves have reached a record high, exceeding $5.7 billion, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

LATEST NEWS

spot_imgspot_imgspot_img