Tue, 29 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks buy $75 million at inter-bank forex market last week

YEREVAN, March 17. / ARKA /. Armenian banks bought a total of $75 million at the inter-bank forex market in a time span from March 10 to 14 at the average weighted exchange rate of 414.14 drams for one USD, the press service of the Central Bank said.

It said the banks also bought a total of 4.7 million euros and about 594.9 million rubles at average exchange rates of 573.38 drams and 11.29 drams respectively.

At the same time, the banks sold about $95.7 million, €12.1 million and 124 million rubles at average exchange rates of 415.45, 577.57 and 11.46 drams respectively.

Besides, on March 3-9 the banks provided 32.2 billion drams worth loans in the national currency and $49.7 million in USD. ($ 1 – 414.56 drams). -0 –

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

LATEST NEWS

spot_imgspot_imgspot_img