Mon, 30 June
26.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

Armenian commercial banks bought $66.5 million last week

YEREVAN, November 16. / ARKA /. Armenian commercial banks bought a total of $66.5 million at the local forex market from the 9th to 13th of November at the average weighted  exchange rate of 479.98 drams per one USD, the Central Bank said.

They also bought 4.4 million euros at the exchange rate of 515.1 drams per one euro and 905.5 million Russian rubles at the exchange rate of 7.37 drams per one ruble.

At the same time, they sold about $73.7 million, €13 million  and about 365 million Russian rubles at the average weighted exchange rates of 482.61, 519.99 and 7.53 drams respectively.

Besides, from November 2 to 8 the banks issued about 40.8 billion drams worth loans in the Armenian national currency and $27.4 million worth loans in US currency. ($1 – 481.76 drams).. –0–

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

EBRD’s investments in Armenia in 2024 reached record 400 million euros – Head of Finance Ministry

he European Bank for Reconstruction and Development's (EBRD) investments in Armenia in 2024 hit the record 400 million euros, Armenian Finance Minister Vahe Hovhannisyan said at a meeting with EBRD President Odile Renaud-Basso in London.

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

LATEST NEWS

spot_imgspot_imgspot_img