Wed, 29 October
11.1 C
Yerevan
USD: 382.78 RUB: 4.78 EUR: 446.44 GEL: 140.95 GBP: 509.98

Armenia’s commercial banks purchase about $115.3 mln at intra-banking forex market last week

YEREVAN, May 19. /ARKA/. Armenian commercial banks purchased about $115.3mln at a weighted average rate of 413.07drams per $1 in intra-banking foreign exchange market on May 12-16, the press service of the Central Bank reported.

In the same period, about 5.9mln euros and 852.7mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 566.9 drams per €1 and 11.75 drams per ruble respectively.

At the same time, about $109.4mln, about €16.6mln and 134.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 414.11drams, 570.87drams and 11.91drams respectively.

Dram loans extended by Armenian banks during the week before (May 5-11) totalled 35.3bln drams; dollar loans amounted to a total of $35.2mln. ($1=413.83drams). –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img