Armenia’s commercial banks purchase about $91 mln at intra-banking forex market last week

YEREVAN, October 20./ARKA/. Armenian commercial banks purchased about $91 million at a weighted average rate of 410.41rams per $1 in intra-banking foreign exchange market on October 13-17, the press service of the Central Bank reported.

In the same period, 6.9 mln euros and about 1.1 bln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 520.42 drams per €1 and 10.02 drams per ruble respectively.

At the same time, about $103.3mln, €14.9mln and 155.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 411.51drams, 524.25drams and 10.18drams respectively.

Dram loans extended by Armenian banks during the week before (October 6-12) totaled about 33.7bln drams; dollar loans amounted to a total of $34.2mln. ($1=409.3drams). –0–

spot_img

POPULAR

Loans issued by Armenian commercial banks exceeded 8.16 trillion drams at the end of March

The volume of loans issued by commercial banks in Armenia as of the end of March 2026 amounted to 8,163,745 million drams, compared to 8,035,184 million drams at the end of February, according to data from the Statistical Committee.

State Revenue Committee of Armenia has identified violations in the cryptoasset sector

The State Revenue Committee of Armenia has identified a number of violations in the sphere of the purchase and sale of cryptoassets and the provision of related services, the agency reports.

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

LATEST NEWS

spot_imgspot_imgspot_img