Tue, 4 March
0.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Armenian banks bought $67 million from local forex market in four days

YEREVAN, September 28. / ARKA /. Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said.

They also bought 9.9 million euros and 893.6 million Russian rubles at the weighted average exchange rates of 530.34 drams and 7.11 drams respectively.

In the same time span the banks sold about $89.2 million, €11.5 million and about 277.7 million Russian rubles at the weighted average exchange rates of 477.27, 536.12 and 7.27 drams respectively.

Besides, from September 14 to 20 the banks issued 38.6 billion drams worth loans in Armenian currency and $40.9 million loans in USD. ($ 1 – 475.35 drams) .- 0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

LATEST NEWS

spot_imgspot_imgspot_img