Armenia’s commercial banks purchase about $76.6 mln at intra-banking forex market last week

YEREVAN, October 13./ARKA/. Armenian commercial banks purchased about $76.6mln at a weighted average rate of 409.64rams per $1 in intra-banking foreign exchange market on October 6-10, the press service of the Central Bank reported.

In the same period, 7.1 mln euros and about 998 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 517.18 drams per €1 and 10.19 drams per ruble respectively.

At the same time, about $84.9mln, €18mln and 144.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 410.97drams, 519.52drams and 10.34drams respectively.

Dram loans extended by Armenian banks during the week before (September 29 – October 5) totaled about 44.9bln drams; dollar loans amounted to a total of $41.8mln. ($1=412.37drams). –0–

spot_img

POPULAR

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro continued to rise against the Armenian dram, while dollar and ruble weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of March 18, 2026, fell by 0.07 points compared to March 17, to 377.39 drams.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 16-22)

The past week in Armenia's financial market saw little change, with monetary policy parameters maintained, updated banking data published, and external and fiscal risks clarified.

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

LATEST NEWS

spot_imgspot_imgspot_img