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

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 8-14)

The week in Armenia's financial market was influenced by decisions by international financial institutions, currency dynamics, capital market data, and the debt agenda.

Central Bank of Armenia maintains the refinancing rate at 6.5% for the fifth consecutive time

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

Central Bank of Armenia explained in what cases it intervenes in the foreign exchange market

The Central Bank of Armenia intervenes in the foreign exchange market when the market becomes one-sided, stated Central Bank Chairman Martin Galstyan.

Central Bank of Armenia does not expect a significant inflationary effect from the increase in excise taxes

Raising excise taxes on certain goods will not lead to significant inflationary consequences in Armenia, according to Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img