Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s commercial banks purchase about $207.7 mln at intra-banking forex market last week

YEREVAN, August 3. /ARKA/. Armenian commercial banks purchased about $207.7 mln at a weighted average rate of 478.12 drams per $1 in intra-banking foreign exchange market on July 27 to 31, the press service of the Central Bank reported.

In the same period, about 12.6 mln euros and about 927.1 mln rubles were purchased on the intra-banking forex market at weighted average exchange rates of 525.69 drams per €1 and 7.97 drams per ruble respectively.

At the same time, about $216.9mln, €10.8mln and about 256.9 mln rubles were sold on the intra-banking forex market at weighted average exchange rates of 478.75 drams, 525.21 drams and 8.14drams respectively.

Dram loans extended by Armenian banks during the week before (July 20 to 26) totaled about 33.2bln drams; dollar loans amounted to a total of $37.2mln. ($1=478.29 drams). –0–

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img