Sun, 19 October
5.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Armenian banks bought $70.5 million last week from local Forex market

YEREVAN, October 26. / ARKA /. Twenty-one Armenia-based commercial banks bought a total of $70.5 million from the local forex market from 19th to 23rd of October at the average weighted exchange rate of 470.67 drams per one US Dollar, the Central Bank of Armenia said today.

It said the banks also bought 7.9 million Euros and 915.1 million Russian rubles at the average weighted exchange rates of 531.62 and 7.51 drams respectively.

In the same time span they sold about $68.8 million, 14.4 million Euros and about 279.1 million Russian rubles at the average weighted exchange rates of 472.43, 533.8 and 7.65 drams respectively.
Besides, from 12th to 18th of October, the banks provided 39.6 billion drams worth loans in the Armenian national currency and $69 million worth loans in US Dollars. ($ 1 – 469.79 drams). -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img