Armenia’s commercial banks purchase over $78.6 mln at intra-banking forex market last week

YEREVAN, April 14. /ARKA/. Armenian commercial banks purchased more than $78.6mln at a weighted average rate of 414.73drams per $1 in intra-banking foreign exchange market on April 7-11, the press service of the Central Bank reported.

In the same period, over 5mln euros and about 594.2mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 570.97 drams per €1 and 11.59drams per ruble respectively.

At the same time, about $82.95mln, about €9.1mln and 116mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 415.936drams, 574.08drams and 11.70drams respectively.

Dram loans extended by Armenian banks during the week before (March 31-April 6) totalled 42.9bln drams; dollar loans amounted to a total of $56.2mln. ($1=415.44drams).–0–

spot_img

POPULAR

Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

EDB: Cross-border remittance inflow to Armenia increased to $5.9 billion in 2025, net inflow by 8.6%

Cross-border remittance inflow to Armenia increased by 2.4% year-on-year in 2025, reaching $5.9 billion, according to the Eurasian Development Bank's March macroeconomic review.

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

LATEST NEWS

spot_imgspot_imgspot_img