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

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img