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

Acba Bank summarized 2025 results with impressive figures

At its annual general meeting of shareholders, Acba Bank summarized the results of 2025 with impressive figures and set new targets for the current year.

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

Unibank has launched instant transfers by phone number

Phone number transfers are now available in Unibank’s UNIMobile application.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img