Armenia’s commercial banks purchase about $86 mln at intra-banking forex market last week

YEREVAN, June 8. /ARKA/. Armenian commercial banks purchased about $86 mln at a weighted average rate of 476.61 drams per $1 in intra-banking foreign exchange market on June 1 to 5, the press service of the Central Bank reported.

In the same period, about 8.2 mln euros and about 808.4 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 524.85 drams per €1 and 8.81 drams per ruble respectively.

At the same time, about $88.4mln, €11.1mln and about 257.6 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 478.22 drams, 529.91 drams and 9.02drams respectively.

Dram loans extended by Armenian banks during the week before (May 25 to 31) totaled about 32.2bln drams; dollar loans amounted to a total of $50mln. ($1=476.86 drams). –0–

spot_img

POPULAR

Armenian brokerage market until 2030: ARKA agency presented a study

The Armenian brokerage market continues to grow, but its future development will be determined not so much by the number of open accounts as by its ability to attract and retain active investors.

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s Deputy Prime Minister and ADB Vice President Discussed Attracting Private Capital and Infrastructure Development

Opportunities for attracting private capital, expanding public-private partnerships (PPPs), and implementing the "Crossroads of Peace" project were discussed at a meeting between Armenian Deputy Prime Minister Mher Grigoryan and an Asian Development Bank (ADB) delegation led by Vice President Wempi Saputra.

Armenia’s fiscal policy in 2027 will restrain aggregate demand: Central Bank Governor

Armenia's fiscal policy in 2027, if economic growth remains slightly above the long-term sustainable level, will have a certain restraining effect on aggregate demand, stated Central Bank Governor Martin Galstyan, presenting the regulator's conclusion on next year's draft state budget to parliament.

LATEST NEWS

spot_imgspot_imgspot_img