Armenia’s commercial banks purchase about $74.9 mln at intra-banking forex market last week

YEREVAN, April 13. /ARKA/. Armenian commercial banks purchased about $74.9 mln at a weighted average rate of 474.46 drams per $1 in intra-banking foreign exchange market on April 7-11, the press service of the Central Bank reported.

In the same period, about 6.4 mln euros and about 632.5 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 510.98 drams per €1 and 8.69 drams per ruble respectively.

At the same time, about $77.4mln, €9.4mln and about 339.9mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 476.25 drams, 516.35drams and 8.95drams respectively.

Dram loans extended by Armenian banks during the week before (March 30 – April 5) totaled about 40.1bln drams; dollar loans amounted to a total of $42.3mln. ($1=476.32drams). –0–

spot_img

POPULAR

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

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.

LATEST NEWS

spot_imgspot_imgspot_img