Armenian banks bought $81.7 million in one week

YEREVAN, November 23. /ARKA/. Twenty-one Armenia-based commercial banks bought a total of $81.7 million from the local foreign exchange intra-market from November 16 to 20 at the weighted average exchange rate of 480.88 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 7.3 million Euros and about 1.1 billion Russian rubles at weighted average exchange rates of 512.64 per one Euro and 7.31 drams per one ruble.

The banks also sold $74 million, €11.5 million and 342.7 million Russian rubles at the weighted average exchange rates of 472.89 drams, 517.87 drams and 7.43 drams respectively.

Besides, from November 9 to 15 the banks extended about 48.9 billion drams worth loans in the Armenian national currency and $31.3 million loans in US currency. ($1 – AMD 481.7). M.V.—0—-

spot_img

POPULAR

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Unisport Crowned Armenian Futsal Premier League Champion

Unisport has been crowned champion of the Armenian Futsal Premier League

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Acba Bank summarized 2025 results with impressive figures

At its annual general meeting of shareholders, Acba Bank summarized the results of 2025 with impressive figures and set new targets for the current year.

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 3, 2026, fell by 0.01 points compared to June 2, to 368.52 drams.

LATEST NEWS

spot_imgspot_imgspot_img