Armenia’s commercial banks purchase about $61.1 mln at intra-banking forex market last week

YEREVAN, February 9. /ARKA/. Armenian commercial banks purchased about $64.1 mln at a weighted average rate of 475.48 drams per $1 in intra-banking foreign exchange market on February 2 to 6, the press service of the Central Bank reported.

In the same period, about 5.2 mln euros and about 606.1 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 538.96 drams per €1 and 6.91 drams per ruble respectively.

At the same time, about $82.4mln, €9.3mln and about 214.7mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 477.58 drams, 545.78drams and 7.17drams respectively.

Dram loans extended by Armenian banks during the week before (January 26 – February 1) totaled about 36.6bln drams; dollar loans amounted to a total of $26.4mln. ($1=477.46drams). –0–

spot_img

POPULAR

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

LATEST NEWS

spot_imgspot_imgspot_img