Armenia’s commercial banks purchase about $66.9 mln at intra-banking forex market last week

YEREVAN, June 1. /ARKA/. Armenian commercial banks purchased about $66.9 mln at a weighted average rate of 477.79 drams per $1 in intra-banking foreign exchange market on May 25 to 29, the press service of the Central Bank reported.

In the same period, about 4.7 mln euros and about 657.7 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 522.89 drams per €1 and 9.36 drams per ruble respectively.

At the same time, about $63.1mln, €8.9mln and about 214 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 480.1 drams, 528.16 drams and 9.49drams respectively.

Dram loans extended by Armenian banks during the week before (May 18 to May 24) totaled about 33.3bln drams; dollar loans amounted to a total of $33.1mln. ($1=478.54 drams). –0–

spot_img

POPULAR

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

Cryptoasset regulation in Armenia is quite conservative, and the market lacks a unified goal – Eleveight AI co-founder

Cryptoasset regulation in Armenia can be characterized as quite conservative, and some market participants believe this could hinder the industry's development, noted Arman Aleksanyan, co-founder and CEO of Eleveight AI.

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Tokenization among the priorities of the Central Bank of Armenia’s digital asset strategy

Martin Galstyan, Governor of the Central Bank of Armenia, responded to a question from the ARKA news agency about whether the regulator is considering drafting a law on tokenization.

Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

LATEST NEWS

spot_imgspot_imgspot_img