Armenia’s commercial banks purchase about $111.8 mln at intra-banking forex market last week

YEREVAN, June 30. /ARKA/. Armenian commercial banks purchased about $111.8mln at a weighted average rate of 407.72drams per $1 in intra-banking foreign exchange market on June 23- 27, the press service of the Central Bank reported.

In the same period, about 5.2mln euros and 980.2mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 553.82 drams per €1 and 11.9 drams per ruble respectively.

At the same time, about $111.4mln, about €12.1mln and over 150.6mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.94drams, 557.23drams and 12.09drams respectively.

Dram loans extended by Armenian banks during the week before (June 16-22) totalled about 34.6bln drams; dollar loans amounted to a total of $75.3mln. ($1=407.58drams). –0–

spot_img

POPULAR

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img