Armenia’s commercial banks purchase about $97.7 mln at intra-banking forex market last week

YEREVAN, October 27. /ARKA/. Armenian commercial banks purchased about $97.7mln at a weighted average rate of 408.61rams per $1 in intra-banking foreign exchange market on October 20-24, the press service of the Central Bank reported.

In the same period, 7.8 mln euros and about 936.1 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 519.86 drams per €1 and 9.86 drams per ruble respectively.

At the same time, about $108.4mln, €15.7mln and 216.9.5mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 409.71drams, 522.95drams and 10.02drams respectively.

Dram loans extended by Armenian banks during the week before (October 20-24) totaled about 33.9bln drams; dollar loans amounted to about $63.6mln. ($1=408.38drams). –0–

spot_img

POPULAR

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

Acba Leasing’s special offer: 5% down payment for purchasing an electric vehicle

Acba Leasing, the undisputed leader in the Armenian leasing market, is presenting a special offer on the purchase of electric vehicles at TOON EXPO 2026, together with its partner ROEL Automotive Group, according to the Acba Bank press service.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

Armenia uncovers scheme to illegally import large sums of rubles and exchange them for dollars

The State Revenue Committee (SRC) of Armenia reported the discovery of cases of large amounts of foreign currency in cash being imported into the country and its possible involvement in shadow circulation.

LATEST NEWS

spot_imgspot_imgspot_img