Armenia’s commercial banks purchase about $91.7 mln at intra-banking forex market last week

YEREVAN, July 14. /ARKA/. Armenian commercial banks purchased about $91.7mln at a weighted average rate of 406.98drams per $1 in intra-banking foreign exchange market on July 7–11, the press service of the Central Bank reported.

In the same period, about 5.4mln euros and 893.8mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 553.04 drams per €1 and 11.81 drams per ruble respectively.

At the same time, about $99.9mln, about €13mln and 145.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.06drams, 556.55drams and 11.95drams respectively.

Dram loans extended by Armenian banks during the week before (June 30 – July 6) totalled about 40.8bln drams; dollar loans amounted to a total of about $61.9mln. ($1=407.69drams). –0–

spot_img

POPULAR

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

LATEST NEWS

spot_imgspot_imgspot_img