$77.9 million bought by commercial banks at Armenia’s intra-bank Forex Market last week

YEREVAN, July 14. /ARKA/. Commercial banks bought $77.9 million at Armenia’s intra-bank forex market over a period between July 6 and 10 at AMD 473.78 drams per one dollar, the press office of the Central Bank of Armenia reports.

They also bought here €8.6 million and 1.1 billion Russian rubles at 522.95 drams per one Euro and 8.32 drams per one Russian ruble, on average.

According to the report, $74 million, €15 million and 243.6 million rubles were sold at the intra-bank market over the mentioned period at 475.76 drams, 526.91 drams and 8.47 drams respectively.

The loans extended by Armenian banks in drams totaled $34.3 billion at a period between June 29 and July 5, and lending in dollars amounted to $34.9 million. ($1 – AMD 477.18). –0–

spot_img

POPULAR

ADB expects inflation in Armenia to accelerate to 3.8% in 2026, despite slower growth

The Asian Development Bank (ADB) expects inflation in Armenia to accelerate in 2026, despite slower growth.

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img