Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks bought $75.8 million in one week

YEREVAN, February 1. /ARKA/. Armenia-based commercial banks bought a total of $75.8 million from the local foreign exchange intra-market from January 25 to 29 at the weighted average exchange rate of 487.13 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 5.4 million Euros and about 1.1 billion Russian rubles at weighted average exchange rates of 527.37 per one Euro and 6.11 drams per one ruble.

The banks also sold $91.4 million, €9.2 million and 527.2 million Russian rubles at the weighted average exchange rates of 489.05 drams, 532.63 drams and 6.2 drams respectively.

Besides, from January 18 to 24 the banks extended about 37.7 billion drams worth loans in the Armenian national currency and $37 million in the US currency. ($1 – AMD 488.75). –0—-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img