Armenia’s commercial banks purchase about $68.8 mln at intra-banking forex market last week

YEREVAN, February 23. /ARKA/. Armenian commercial banks purchased about $68.8 mln at a weighted average rate of 478.13 drams per $1 in intra-banking foreign exchange market on February 16 to 20, the press service of the Central Bank reported.

In the same period, about 8.3 mln euros and about 576.3 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 543.77 drams per €1 and 7.55 drams per ruble respectively.

At the same time, about $65.2mln, €12.3mln and about 240.9 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 480.02 drams, 548.36drams and 7.82 drams respectively.

Dram loans extended by Armenian banks during the week before (February 9-15) totaled about 38.4 bln drams; dollar loans amounted to a total of $40.3mln. ($1=478.95drams). –0–

spot_img

POPULAR

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Euro, dollar, and ruble exchange rates against the Armenian dram continue to decline: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 30, 2026, fell by 0.17 points compared to June 29, to 367.89 drams.

VTB (Armenia) sponsored the Armenian edition of Alexandre Dumas’s celebrated novel “The Three Musketeers”

With the financial support of VTB (Armenia), Newmag Publishing House presented a new edition of Alexandre Dumas's novel "The Three Musketeers."

Net inflow of remittances to Armenia from abroad increased by approximately 2.1 times in 5 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.08 billion in January-May 2026, compared to $511.7 million in January-May 2025, according to a report from the Central Bank of the Republic.

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

LATEST NEWS

spot_imgspot_imgspot_img