Wed, 11 February
1.1 C
Yerevan
USD: 377.88 RUB: 4.89 EUR: 450.06 GEL: 140.75 GBP: 516.34

Armenia’s commercial banks purchase about $148.8 mln at intra-banking forex market last week

YEREVAN, May 12. /ARKA/. Armenian commercial banks purchased about $148.8mln at a weighted average rate of 412.8drams per $1 in intra-banking foreign exchange market on April 28 – May 8, the press service of the Central Bank reported.

In the same period, about 12.8mln euros and about 1.2bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 571.11 drams per €1 and 11.49 drams per ruble respectively.

At the same time, about $169.2mln, about €18.25mln and 194.7mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 413.91drams, 575.1drams and 11.65drams respectively.

Dram loans extended by Armenian banks during the week before (April 21 – May 4) totalled 64bln drams; dollar loans amounted to a total of $83.4mln. ($1=413.19drams). –0–

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of February 6, 2026, fell by 0.31 points compared to February 5, to 377.7 drams.

National Assembly Committee approved a €120.5 million loan agreement with the IBRD for the tourism development program

At its meeting on Monday, the Standing Committee on Financial, Credit, and Budgetary Affairs of the Armenian National Assembly approved the ratification of a €120.5 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for the Tourism and Regional Infrastructure Development Program (TRIP) in Armenia.

In January, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback

In January 2026, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback for non-cash payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Inflation of 3.8% Recorded in Armenia in January

Twelve-month inflation (January 2026 compared to January 2025) in Armenia's consumer market stood at 3.8%, according to a report from the Statistical Committee of Armenia.

Armenian pensioners urged to choose a bank for cashless payments by March 5

The Armenian Ministry of Labor and Social Affairs has urged pensioners and benefit recipients who continue to receive payments in cash to choose a bank by March 5, 2026, to switch to cashless payments.

LATEST NEWS

spot_imgspot_imgspot_img