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

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.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

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.

LATEST NEWS

spot_imgspot_imgspot_img