Tue, 1 July
25.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

$91.4 million bought by Armenian banks in one week

YEREVAN, December 7. /ARKA/. Twenty-one Armenia-based commercial banks bought a total of $91.4 million from the local foreign exchange intra-market from November 30 to December 4 at the weighted average exchange rate of 482.13 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 8.1 million Euros and about 1 billion Russian rubles at weighted average exchange rates of 512.98 per one Euro and 7.18 drams per one ruble.

The banks also sold $100.2 million, €10.8 million and 516.9 million Russian rubles at the weighted average exchange rates of 484.47 drams, 515.87 drams and 7.28 drams respectively.

Besides, from November 23 to 29 the banks extended about 36.3 billion drams worth loans in the Armenian national currency and $41.3 million loans in US currency. ($1 – AMD 484.43). —0—-

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img