$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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

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.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

US dollar, euro, and ruble up against  Armenian dram

YEREVAN, August 20. /ARKA/. The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of August 20, 2026, increased by 0.3 points to 365.26 drams compared to August 19.

LATEST NEWS

spot_imgspot_imgspot_img