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

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Euro and ruble exchange rates against the Armenian dram have risen, while the dollar has fallen —Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 21, 2026, decreased by 0.05 points compared to October 20, reaching 361.4 drams.

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.

LATEST NEWS

spot_imgspot_imgspot_img