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

“IKO Machinery” LLC’s bonds, totaling AMD 1.1 billion listed on AMX

The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of "IKO Machinery" LLC, a company operating in both Armenia and international markets.

Central Bank of Armenia and National Bank of Georgia Sign Memorandum of Understanding on Financial Cooperation

The Central Bank of Armenia and the National Bank of Georgia have signed a memorandum of understanding regarding financial cooperation.

Armenian Dram Day to be marked at DigiTec 2026 with a major fintech conference

Armenian Dram Day will be celebrated this year within the framework of the DigiTec 2026 technology exhibition through a large-scale fintech conference, announced Edita Ghazaryan, Executive Director of the Union of Advanced Technology Enterprises (UATE).

Idram’s “City of Good Deeds”: From Teamwork to Real Charitable Projects

“City of Good Deeds” was the theme of Idram’s annual team-building event this year, which stood out for its unique purpose.

ADB maintains Armenia inflation forecast based on 7-month data

The Asian Development Bank (ADB) has kept its inflation forecast for Armenia unchanged at 4.2% for 2026 and 3.5% for 2027, noting that inflation trends over the first seven months were generally in line with expectations.

LATEST NEWS

spot_imgspot_imgspot_img