Armenian banks bought $62.5 million in one week

YEREVAN, November 9. /ARKA/. Twenty-one Armenia-based commercial banks bought a total of $62.5 million from the local foreign exchange intra-market from October 26 to October 30 at the weighted average exchange rate of 474.45 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 5.9 million Euros and about 985.8 million Russian rubles at weighted average exchange rates of 519.21 per one Euro and 7.42 drams per one ruble.

The banks also sold $65.9 million, €17.2 million and 284.8 million Russian rubles at the weighted average exchange rates of 475.99 drams, 523.24 drams and 7.57 drams respectively.

Besides, from October 26 to November 1 the banks extended about 49.1 billion drams worth loans in the Armenian national currency and $60 million loans in US currency. ($1 – AMD 477.72). —-0—-

spot_img

POPULAR

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 22, 2026, fell by 0.08 points compared to June 19, to 368.07 drams.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

LATEST NEWS

spot_imgspot_imgspot_img