$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

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

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."

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Euro fell 4.82 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 18, 2026, increased by 0.13 points compared to June 17, reaching 368.19 drams.

Byblos Bank Armenia stands with CaseKey for the fourth year running

CaseKey 2026 is launching with unprecedented interest and new opportunities and, for the fourth consecutive year, with the support of Byblos Bank Armenia.

LATEST NEWS

spot_imgspot_imgspot_img