Sun, 27 July
33.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

$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

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.

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.

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.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img