$64.5 million bought by commercial banks last week at Armenia’s intra-banking forex market

YEREVAN, August 31. /ARKA/. Commercial banks bought $64.5 million at 482.14 drams per one dollar at Armenia’s intra-banking foreign exchange market over a period between August 24 and 28, the press office of the Central Bank of Armenia reports.

They also bought €7.4 million and 1 billion Russian rubles at the mentioned period at 548.82 drams and 6.96 drams respectively.

The loans extended by Armenia’s commercial banks in drams over a period between August 17 and 23 amounted to $38 billion, and dollar loans totaled $37 million. ($1 – AMD 483.53). –0–

spot_img

POPULAR

UATE Expo bonds worth over 763 million drams listed on AMX

UATE Expo LLC (UATE) is entering the capital markets by listing its bonds on the Armenian Stock Exchange (AMX), the exchange's press service reported.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 24–30) 

Armenia's financial agenda last week was determined by the Central Bank's inflation signals and monetary policy transmission, the state of international reserves, and the state's debt parameters.

LATEST NEWS

spot_imgspot_imgspot_img