Armenian banks bought $67.9 million in one week

YEREVAN, January 25. /ARKA/. Armenia-based commercial banks bought a total of $67.9 million from the local foreign exchange intra-market from January 18 to 22 at the weighted average exchange rate of 484.81 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 11.4 million Euros and about 1 billion Russian rubles at weighted average exchange rates of 526.19 per one Euro and 6.01 drams per one ruble.

The banks also sold $74.1 million, €17.3 million and 380 million Russian rubles at the weighted average exchange rates of 487.29 drams, 530.30 drams and 6.15 drams respectively.

Besides, from December 11 to January 17 the banks extended about 38.7 billion drams worth loans in the Armenian national currency and $32.8 million in the US currency. ($1 – AMD 487.33)..—0—-

spot_img

POPULAR

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

LATEST NEWS

spot_imgspot_imgspot_img