$85.7 million bought by Armenian banks in one week

YEREVAN, February 22. /ARKA/. Armenia-based commercial banks bought a total of $44.2 million from the local foreign exchange intra-market from February 15 to 19 at the weighted average exchange rate of 494.98 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 6.2 million Euros and about 1 billion Russian rubles at weighted average exchange rates of 551.37 per one Euro and 6.4 drams per one ruble.

The banks also sold $80.7 million, €10.9 million and 434.1 million Russian rubles at the weighted average exchange rates of 496.41 drams, 556.51 drams and 6.5 drams respectively.

Besides, from February 8 to 14 the banks extended about 36.2 billion drams worth loans in the Armenian national currency and $25.3 million in the US currency. ($1 – AMD 495.53). –0—-

spot_img

POPULAR

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

The Power of One Dram and the Armenian State Symphony Orchestra Conclude the Forest Project Launched in Shirak

The Power of One Dram, My Forest Armenia, and the Armenian State Symphony Orchestra have concluded the Symphonic Forest project, launched in Shirak with the goal of planting 20,000 trees.

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

LATEST NEWS

spot_imgspot_imgspot_img