Armenia’s commercial banks purchase about $93.6 mln at intra-banking forex market last week

YEREVAN, July 7. /ARKA/. Armenian commercial banks purchased about $93.6mln at a weighted average rate of 406.94drams per $1 in intra-banking foreign exchange market on April 30 – July 4, the press service of the Central Bank reported.

In the same period, about 6.9mln euros and about 922.8mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 554.44 drams per €1 and 11.86 drams per ruble respectively.

At the same time, about $131.85mln, about €13.6mln and about 110.4mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.09drams, 558.36drams and 12.01drams respectively.

Dram loans extended by Armenian banks during the week before (June 23-29) totalled about 42bln drams; dollar loans amounted to a total of $50.4mln. ($1=407.8drams). –0–

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram continue to decline: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 30, 2026, fell by 0.17 points compared to June 29, to 367.89 drams.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

Fabrizio Zarcone Takes on Expanded Role as World Bank Group Country Manager for Armenia

Effective today, Fabrizio Zarcone becomes the World Bank Group Country Manager for Armenia, unifying country-level leadership across the institution to better support Armenia's public and private sector needs.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

LATEST NEWS

spot_imgspot_imgspot_img