Armenia’s commercial banks purchase about $85.7 mln at intra-banking forex market last week

YEREVAN, August 11. /ARKA/.  Armenian commercial banks purchased about $85.7mln at a weighted average rate of 408.32drams per $1 in intra-banking foreign exchange market on August 4 – 8, the press service of the Central Bank reported.

In the same period, over 6.43mln euros and 971.8mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 545.85 drams per €1 and 11.29 drams per ruble respectively.

At the same time, about $91.5mln, about €13.37mln and 139.8mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 409.62drams, 550.14 drams and 11.45drams respectively.

Dram loans extended by Armenian banks during the week before (July 28 – August 3) totalled 39.9bln drams; dollar loans amounted to a total of about $39.1mln. ($1=411.85drams).  –0–

spot_img

POPULAR

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

LATEST NEWS

spot_imgspot_imgspot_img