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

Jasmine Home: The Story of Young Sisters’ Business

Ten years ago, sisters Anna and Ani founded Jasmine Home, offering dozens of high-quality textile products—blankets, bedding sets, pillows, and many other items.

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Become a Unibank shareholder and benefit from an attractive investment opportunity

Individuals and legal entities can acquire ordinary shares from Unibank’s new share issue until September 9, 2026, at a placement price of AMD 390 per share.

LATEST NEWS

spot_imgspot_imgspot_img