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

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

No liquidity shortage in Armenia, question is about business readiness: Central Bank Chairman

There is no liquidity shortage in Armenia, but the question remains about whether businesses meet investor requirements, according to Central Bank Chairman Martin Galstyan.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img