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

Armenian Ministry of Finance developing a comprehensive framework for issuing thematic bonds

The Armenian Ministry of Finance is developing a comprehensive framework for issuing thematic bonds in domestic and international capital markets.

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 19–25)

The financial agenda in Armenia over the past week focused on the performance of the banking sector for the first nine months of 2026, the development of the bond market, and enhancements to financial regulation.

The “Climate Change and Women” Award Ceremony Took Place at COP17: Idram and IDBank

From climate change mitigation to environmental education and innovative solutions, the "Climate Change and Women" award ceremony united leading women in the field, highlighting their initiatives and contributions to biodiversity conservation.

Armenia’s corporate bond market could double over five years – head of CUBE Invest

Armenia’s corporate bond market is entering a new stage of development, expanding opportunities for businesses to secure financing while offering investors an alternative to bank deposits.

LATEST NEWS

spot_imgspot_imgspot_img