Armenia’s commercial banks purchase about $89.5 mln at intra-banking forex market last week

YEREVAN, September 16. /ARKA/. Armenian commercial banks purchased about $89.5mln at a weighted average rate of 48.88rams per $1 in intra-banking foreign exchange market on September 8 to 12, the press service of the Central Bank reported.

In the same period, 10.1 mln euros and about 1 bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 527.61 drams per €1 and 10.92 drams per ruble respectively.

At the same time, about $99.5mln, about €13.8mln and 106.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 409.95drams, 531.04drams and 11.08drams respectively.

Dram loans extended by Armenian banks during the week before (September 1-8) totaled about 33.6bln drams; dollar loans amounted to a total of $34.6mln. ($1=409.06drams). –0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 5–11)

Armenia’s financial agenda last week covered inflation trends, capital market activity, new bank bond issuances, and cross-border remittances.

NVB Frontier Forum: Where global technology market and private capital meet in Yerevan

Space technologies, artificial intelligence, and private markets are gradually emerging as key areas for new investment opportunities.

A story of people, goals, and trust: Acba Bank’s 30-year journey (VIDEO)

Thirty years ago, a group of young people with a bold vision and rather limited resources launched an enterprise whose future scale was difficult to imagine.

EFSD Raises Armenia’s 2026 Economic Growth Forecast to 5.8%

The Eurasian Fund for Stabilization and Development (EFSD) has raised its GDP growth forecast for Armenia for 2026 to 5.8%, up from the previously expected 5.5%.

Donate Blood, Save Lives: Idram&IDBank

To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.       

LATEST NEWS

spot_imgspot_imgspot_img