Armenia’s commercial banks purchase about $73 mln at intra-banking forex market last week

YEREVAN, February 16. /ARKA/. Armenian commercial banks purchased about $73mln at a weighted average rate of 477.86 drams per $1 in intra-banking foreign exchange market on February 9 to 13, the press service of the Central Bank reported.

In the same period, about 4.5 mln euros and about 585.1 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 540.88 drams per €1 and 7.18 drams per ruble respectively.

At the same time, about $80.4mln, €8.5mln and about 266 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 479.85 drams, 547.27drams and 7.44drams respectively.

Dram loans extended by Armenian banks during the week before (February 2-8) totaled about 30 bln drams; dollar loans amounted to a total of $36.4mln. ($1=478.91drams). –0–

spot_img

POPULAR

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

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, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

LATEST NEWS

spot_imgspot_imgspot_img