Armenia’s commercial banks purchase about $110.3 mln at intra-banking forex market last week

YEREVAN, October 6. /ARKA/. Armenian commercial banks purchased about $110.3mln at a weighted average rate of 407.33rams per $1 in intra-banking foreign exchange market on September 29 to October 3, the press service of the Central Bank reported.

In the same period, 8.4 mln euros and about 921.4 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 514.47 drams per €1 and 10.24 drams per ruble respectively.

At the same time, about $112.1mln, €24.9mln and 167.1mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 408.34drams, 517.98drams and 10.41drams respectively.

Dram loans extended by Armenian banks during the week before (September 22-28) totaled about 37.6bln drams; dollar loans amounted to a total of $61.9mln. ($1=407.88drams). –0–

spot_img

POPULAR

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

Up to 25% idcoin When Buying Airline Tickets with IDBank Premium Cards

When planning your next trip, the first thing you consider is your budget — how much you can spend, how to find the best deals, and how to save while discovering new destinations.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

IDBank and Idram conducted financial literacy course for children in Lori region

IDBank and Idram have organized a financial literacy course for children residing in the village of Vahagni and nearby areas in the Lori region.

LATEST NEWS

spot_imgspot_imgspot_img