Armenian banks bought $57.2 million in one week

YEREVAN, October 12. / ARKA /. Twenty-one Armenia-based commercial banks bought a total of $57.2 million from the local foreign exchange intra-market from October 5 to October 9 at the weighted average exchange rate of 471.8 drams per $1, the press service of the Central Bank said.

It said also in the same time span they bought 5.8 million Euros and about 1.6 billion Russian rubles at weighted average exchange rates of 528.34 per one Euro and 7.38 drams per one ruble.

The banks also sold $81 million, €11. 4 million and 328.5 million Russian rubles at the weighted average exchange rates of 473.73 drams, 534.01 drams and 7.5 drams respectively.

Besides, from September 28 to October 4 the banks issued about 65.4 billion drams worth loans in the Armenian national currency and $72.6 million loans in US currency.

Also a total of $5.95 million were traded at NASDAQ OMX Armenia stock exchange from October 5 to October 9, up from $2.85 traded a week before, the Central Bank reported. It said the US Dollar at NASDAQ OMX traded at 472.95 drams average weighted exchange rate. ($1 – 473.08 drams). –0–

spot_img

POPULAR

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

IDBank has issued perpetual coupon bonds for the first time

On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms.

Acba Bank’s Sustainability Report Presented at COP17

At COP17, Acba Bank presented its Sustainability Report to Armenian and international guests. It outlines the bank's priority areas and the steps it is taking towards sustainable development.

Nearly $2 billion in new biodiversity funding announced at COP17 in Yerevan — UN

At the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), which concluded in Yerevan, nearly $2 billion in new funding for biodiversity conservation was announced, according to a final press release from the Convention Secretariat published on October 31.

Fraudsters are issuing loans to Armenian citizens under the guise of utility company employees – the Central Bank has warned of a new scheme

The Central Bank of Armenia has recently received reports of a new financial fraud scheme in which criminals visit citizens' apartments posing as employees of utility companies, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img