Armenia’s commercial banks purchase about $93.1 mln at intra-banking forex market last week

YEREVAN, March 24. /ARKA/. Armenian commercial banks purchased about $93.1mln at a weighted average rate of 414.28drams per $1 in intra-banking foreign exchange market on March 17-21, the press service of the Central Bank reported.

In the same period, over 5.7mln euros and about 630.2mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 573.88 drams per €1 and 11.30 drams per ruble respectively.

At the same time, over $110.2mln, about €10.2mln and 125.8mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 415.47drams, 577.20drams and 11.48drams respectively.

Dram loans extended by Armenian banks during the week before (March 10-16) totalled 39.7bln drams; dollar loans amounted to a total of $50mln. ($1=414.37drams).–0–

spot_img

POPULAR

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

Armenia to attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

LATEST NEWS

spot_imgspot_imgspot_img