Armenia’s commercial banks purchase about $78.6 mln at intra-banking forex market last week

YEREVAN, September 1. /ARKA/. Armenian commercial banks purchased about $78.6mln at a weighted average rate of 409.57drams per $1 in intra-banking foreign exchange market on August 25- 29, the press service of the Central Bank reported.

In the same period, over 7.2mln euros and about 963.5mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 539.02 drams per €1 and 11.23 drams per ruble respectively.

At the same time, about $94.6mln, about €12mln and 93.3mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 410.73drams, 543.45drams and 11.38drams respectively.

Dram loans extended by Armenian banks during the week before (August 18-24) totalled about 42.3bln drams; dollar loans amounted to a total of $36.9mln. ($1=411.23drams). –0–

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad increased by approximately 2.1 times in 5 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.08 billion in January-May 2026, compared to $511.7 million in January-May 2025, according to a report from the Central Bank of the Republic.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

Unibank to Pay AMD 9.3 bln in Dividends to Shareholders

In 2025 Unibank's net profit amounted to AMD 9.8 billion.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 22-28)

The week in Armenia's financial market was dominated by the debt agenda, Central Bank statements, currency dynamics, and decisions regarding non-cash payments.

Fabrizio Zarcone Takes on Expanded Role as World Bank Group Country Manager for Armenia

Effective today, Fabrizio Zarcone becomes the World Bank Group Country Manager for Armenia, unifying country-level leadership across the institution to better support Armenia's public and private sector needs.

LATEST NEWS

spot_imgspot_imgspot_img