$84.9 million bough by banks last week at Armenia’s intra-bank forex market

YEREVAN, July 29. /ARKA/. Commercial banks bought $84.9 million at 406.06 drams per one dollar over a period between July 21 and 25 at Armenia’s intra-bank forex market, the press office of the Central Bank of Armenia reports.

Banks also bought more than 5.4 million euros and 946.3 million Russian rubles at the intra-bank forex market at 547.37 drams for one euro and 11.51 drams for one ruble.

According to the report, they sold $94.9 million, €16.2 million and RUR 108.3 million at 407.17 drams, 550.51 drams and 11.7 drams respectively.

Armenian banks lent 37 billion drams and 41.5 million U.S. dollars over a period between July 14 and 20. ($1 – AMD 406.52). -0—

spot_img

POPULAR

VTB (Armenia) continues to develop its small business lending capabilities

YEREVAN, August 13. /ARKA/. VTB (Armenia) small business clients now have access to the "Express" loan, which allows them to obtain up to 20 million Armenian drams for business development.

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

An unusual $2.2 million banking scam uncovered in Armenia

YEREVAN, August 14. /ARКА/. A man suspected of embezzling 802.5 million drams from a bank and money laundering has been arrested in Armenia. The preliminary investigation has been completed, the press service of the RA Investigative Committee reported.

A Major Business, Built with Own Hands: Royal Mattresses (VIDEO)

YEREVAN, August 14. /ARKA/. Approximately two decades ago, Aram Mnatsakanyan embarked on his journey as an entrepreneur by crafting high-quality mattresses.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img