Armenia’s commercial banks purchase over $136.2 mln at intra-banking forex market last week

YEREVAN, June 2. /ARKA/. Armenian commercial banks purchased over $136.2mln at a weighted average rate of 412.54 drams per $1 in intra-banking foreign exchange market on May 26-31, the press service of the Central Bank reported.

In the same period, about 9.9mln euros and about 846.5mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 560.82 drams per €1 and 11.91 drams per ruble respectively.

At the same time, over $145.6mln, about €14.4mln and over 121.8mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 413.47drams, 565.25drams and 12.06drams respectively.

Dram loans extended by Armenian banks during the week before (May 19-25) totalled 39.2bln drams; dollar loans amounted to a total of $47.5mln. ($1=413.28drams). –0–

spot_img

POPULAR

Euro and US dollar exchange rates against Armenian dram continued to decline, while ruble risen once again: 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, fell by 0.19 points on October 23, 2026, compared to October 22, reaching 361.14 drams.

Business, Banks, and Investment: Biodiversity Financing to be Discussed at COP17 in Yerevan

A "Business and Biodiversity Forum" will be held in Yerevan as part of COP17, focusing on the private sector's role in achieving international biodiversity conservation goals.

Unibank Receives B++ Sustainability Alignment Rating from Agents for Impact GmbH

Unibank has received a Sustainability Alignment Rating of B++ from Agents for Impact GmbH (Frankfurt, Germany).

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

LATEST NEWS

spot_imgspot_imgspot_img