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

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

LATEST NEWS

spot_imgspot_imgspot_img