Armenian banks bought $55 million in one week

YEREVAN, March 14. /ARKA/. Armenia-based commercial banks bought more than $55 million from the local foreign exchange intra-market from March 9 to 12 at the weighted average exchange rate of 489.75 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they also bought 7.6 million Euros and about 648.784 billion Russian rubles at weighted average exchange rates of 538.46 per one Euro and 6.82 drams per one ruble.

The banks also sold $52.979 million, €11.33 million and 430.2 million Russian rubles at the weighted average exchange rates of 491.42 drams, 541.18 drams and 6.96 drams respectively.

Besides, from February 29 to March 6 the banks extended about 40.8 billion drams worth loans in the Armenian national currency and $37.7 million in the US currency. ($1 – AMD 490.23). -0—-

spot_img

POPULAR

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

Head of Central Bank discusses the future of banks, the digital dram, and whether public debt allows one to sleep peacefully at night

The Chairman of the Central Bank of Armenia, Martin Galstyan, was a speaker on the Rearrange podcast. The conversation covered a variety of topics, including the prospects of the banking system, the possibility of introducing a digital currency in Armenia, and the topic of public debt.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

LATEST NEWS

spot_imgspot_imgspot_img