Armenia’s commercial banks purchase about $77.6 mln at intra-banking forex market last week

YEREVAN, May 25. /ARKA/. Armenian commercial banks purchased about $77.6 mln at a weighted average rate of 479.45 drams per $1 in intra-banking foreign exchange market on May 18 to 22, the press service of the Central Bank reported.

In the same period, about 8.6 mln euros and about 768.5 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 536.78 drams per €1 and 9.58 drams per ruble respectively.

At the same time, about $80.9 mln, €11.5 mln and about 476.2 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 481.22 drams, 543.03 drams and 9.7 drams respectively.

Dram loans extended by Armenian banks during the week before (May 11 – 17) totaled about 39 bln drams; dollar loans amounted to a total of $53.6mln. ($1=477.36 drams). –0–

spot_img

POPULAR

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

Stepan Gishyan Foundation’s grant competition results have been announced

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

Head of CBA has ruled out excess profits at banks

The idea of ​​excess profits in the Armenian banking system is unfounded, and banks themselves remain one of the most transparent sectors of the country's economy.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: 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 29, 2026, fell by 0.06 points compared to June 26, to 368.06 drams.

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

LATEST NEWS

spot_imgspot_imgspot_img