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

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 1.03 points on August 4, 2026, compared to August 3, to 367.01 drams.

LATEST NEWS

spot_imgspot_imgspot_img