Armenia’s commercial banks purchase about $69 mln at intra-banking forex market last week

YEREVAN, December 8. /ARKA/. Armenian commercial banks purchased about $69 mln at a weighted average rate of 438.91rams per $1 in intra-banking foreign exchange market on December 1 to December 5, the press service of the Central Bank reported.

In the same period, 7.7 mln euros and about 713.3 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 544.54 drams per €1 and 8.38 drams per ruble respectively.

At the same time, about $145.4mln, €13.1mln and 228.2mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 442.91drams, 556.85drams and 8.77drams respectively.

Dram loans extended by Armenian banks during the week before (November 24-30) totaled about 48.5bln drams; dollar loans amounted to a total of $75.4mln. ($1=447.86drams). –0–

spot_img

POPULAR

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

Significant inflows of transfers and capital to Armenia boosted reserves to a record $6.5 billion in August – WB

Thanks to significant remittance and capital inflows, gross reserves in Armenia rose to a record $6.5 billion in August, equivalent to 4.3 months of import coverage, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

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.

LATEST NEWS

spot_imgspot_imgspot_img