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

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

LATEST NEWS

spot_imgspot_imgspot_img