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

Three-day Financial Literacy Course at the FAST Foundation’s AI Camp: Idram&IDBank

Idram and IDBank conducted a series of three-day financial literacy training sessions for over 460 participants of the AI Camp organized by the FAST Foundation.

Artur Nakhshikyan has joined the Supervisory Board of Unibank

Artur Nakhshikyan, Director of Operational Risk Management at the Black Sea Trade and Development Bank, has been elected as an independent member of Unibank’s Supervisory Board.

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Renshin and GTB are uniting around the Cascade project

The memorandum of strategic cooperation signed between Renshin and GTB Development sets a new benchmark in Armenia's urban development and investment landscape.

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.

LATEST NEWS

spot_imgspot_imgspot_img