$57.7 million bought by Armenian banks in one week

YEREVAN, February 8. /ARKA/. Armenia-based commercial banks bought a total of $57.7 million from the local foreign exchange intra-market from February 1 to 5 at the weighted average exchange rate of 489.67 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 8.4 million Euros and about 1 billion Russian rubles at weighted average exchange rates of 538.2 per one Euro and 6.33 drams per one ruble.

The banks also sold $76 million, €11.3 million and 663.8 million Russian rubles at the weighted average exchange rates of 492.45 drams, 540.23 drams and 6.42 drams respectively.

Besides, from January 25 to 31 the banks extended about 34 billion drams worth loans in the Armenian national currency and $42 million in the US currency. ($1 – AMD 488.75). M.V.—0—-

spot_img

POPULAR

Unibank Supported AGBU Global Run as Lead Sponsor Across 22 Cities Worldwide

The AGBU Global Run for Camp Nairi brought together more than 1,500 participants across 22 cities and raised $500,000 to support children and families affected by war and displacement.

Armenia and the French Development Agency Discuss New Areas of Cooperation

Armenia and the French Development Agency (AFD) are discussing future cooperation in the areas of irrigation infrastructure and agriculture, energy, solid waste management, and private sector development, the press service of the Armenian government reports.

VTB (Armenia) offers corporate clients effective solutions for managing idle funds

VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds.

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

LATEST NEWS

spot_imgspot_imgspot_img