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

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Central Bank of Armenia warns of a new wave of telephone fraud

The Central Bank of Armenia has warned citizens of a new wave of telephone fraud.

Unibank will not increase fixed-adjustable interest rates on loans secured by real estate

Unibank has decided to keep unchanged the fixed-adjustable interest rates on consumer and mortgage loans secured by real estate, which were scheduled to increase starting from May 2026.

“We are switching you to 5G, type a command”: IDBank warns about a fraud disguised as a “network update”

Amid the active expansion of fifth-generation mobile networks in Armenia, a rise in fraud activity has been recorded. Scammers, posing as employees of telecommunications companies, offer to “upgrade settings” or “activate 5G” using phone commands.

LATEST NEWS

spot_imgspot_imgspot_img