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

Central Bank of Armenia and National Bank of Georgia Sign Memorandum of Understanding on Financial Cooperation

The Central Bank of Armenia and the National Bank of Georgia have signed a memorandum of understanding regarding financial cooperation.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14–20)

This week, Armenia's financial agenda was shaped by changes in monetary policy direction, the cost of bank funding, inflation, and the situation in the foreign exchange market.

More than just awards: the Junius Financial Tournament has concluded

Complex calculations, tough competition and major victories: the popular among children Junius Financial Tournament has come to an end.

LATEST NEWS

spot_imgspot_imgspot_img