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

Members of the Board and the CEO of the Universal Health Insurance Fund have been elected in Armenia

Members of the Board of Trustees and the CEO of the Universal Health Insurance Fund have been elected in Armenia, the government press service reported.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: 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 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

LATEST NEWS

spot_imgspot_imgspot_img