Mon, 21 April
13.1 C
Yerevan
USD: 390.90 RUB: 4.79 EUR: 444.61 GEL: 142.30 GBP: 519.04
spot_img

Armenia’s commercial banks purchase about $100.3 mln at intra-banking forex market last week

YEREVAN, August 4. /ARKA/. Armenian commercial banks purchased about $100.3mln at a weighted average rate of 405.75drams per $1 in intra-banking foreign exchange market on July 28 – August 2, the press service of the Central Bank reported.

In the same period, over 7.5 mln euros and 1,024.3 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 543.37 drams per €1 and 11.33 drams per ruble respectively.

At the same time, about $111.8mln, about €14.2mln and 135.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 406.83drams, 547drams and 11.49drams respectively.

Dram loans extended by Armenian banks during the week before (July 21-27) totalled about 28.1bln drams; dollar loans amounted to a total of $37.1mln. ($1=406.82drams). –0–

spot_img

POPULAR

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Market expects refinancing rate to decrease in annual perspective – Central Bank of Armenia

Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.

LATEST NEWS

spot_imgspot_imgspot_img