Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

$66.7 million bought by commercial banks last week at Armenia’s intra-banking forex market

YEREVAN, September 7. / ARKA /. Commercial banks bought $64.5 million at 482.6 drams per one dollar at Armenia’s intra-banking foreign exchange market over a period between August 31 and September 4, the press office of the Central Bank of Armenia reports.

They also bought €5.6 million and 786.5 million Russian rubles at the mentioned period at 540.37 drams and 7.2 drams respectively.

The banks sold $82.6 million, €10.6 million and 272.1 million Russian rubles at 484.82 drams, 546.79 drams and 7.37 drams respectively.

The loans extended by Armenia’s commercial banks in drams over a period between August 24 and 30 amounted to $39.1 billion, and dollar loans totaled $20.9 million. ($1 – AMD 485.43). —-0—–

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img