Armenia’s commercial banks purchase about $82 mln at intra-banking forex market last week

YEREVAN, July 6. /ARKA/. Armenian commercial banks purchased about $82 mln at a weighted average rate of 472.07 drams per $1 in intra-banking foreign exchange market on June 29 to July 3, the press service of the Central Bank reported.

In the same period, about 8.2 mln euros and about 1.1 billion rubles were purchased on the intra-banking forex market at weighted average exchange rates of 523.44 drams per €1 and 8.45 drams per ruble respectively.

At the same time, about $88.6 mln, €15.1 mln and about 238.6 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 473.32 drams, 528.38 drams and 8.61 drams respectively.

Dram loans extended by Armenian banks during the week before (June 22-28) totaled about $29.9 bln; dollar loans amounted to a total of $37.4mln. ($1=473.52 drams). –0–

spot_img

POPULAR

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

On May 30, “Unisport” will compete for the title of the Armenian champion

On May 30, 2026, the second match of the playoff final of the Armenian Futsal Premier League will take place.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

LATEST NEWS

spot_imgspot_imgspot_img