Armenia’s commercial banks purchase about $83.1 mln at intra-banking forex market last week

YEREVAN, August 25. /ARKA/. Armenian commercial banks purchased about $83.1mln at a weighted average rate of 407.46drams per $1 in intra-banking foreign exchange market on August 19-23, the press service of the Central Bank reported.

In the same period, over 6mln euros and about 1.1bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 541.14 drams per €1 and 11.2 drams per ruble respectively.

At the same time, about $114.4mln, €13.5mln and 124.9mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.55drams, 545.11drams and 11.35drams respectively.

Dram loans extended by Armenian banks during the week before (August 11-17) totalled 32.7bln drams; dollar loans amounted to a total of $52.1mln. ($1=408.71drams). –0–

spot_img

POPULAR

EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year

The EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year.

Central Bank of Armenia presented data on sustainable development in the context of financial stability

The Central Bank of Armenia published its "Sustainability Report 2025," presenting approaches to sustainable development in the context of financial stability.

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

LATEST NEWS

spot_imgspot_imgspot_img