Thu, 23 October
15.1 C
Yerevan
USD: 382.54 RUB: 4.70 EUR: 443.29 GEL: 140.81 GBP: 510.19

$58 million bought by Armenian banks in one week

YEREVAN, March 29. /ARKA/. Armenia-based commercial banks bought about $57.93 million from the local foreign exchange intra-market from March 21 to 25 at the weighted average exchange rate of 480.34 drams per $1, the press service of the Central Bank of Armenia said.

It said also in the same time span they bought 7.153 million Euros and about 920.033 billion Russian rubles at weighted average exchange rates of 538.14 per one Euro and 7.01 drams per one ruble.

The banks also sold $67,462 million, €12.341 million and 396.574 million Russian rubles at the weighted average exchange rates of 481.97 drams, 540.67 drams and 7.12 drams respectively.

Besides, from March 14 to 20 the banks extended about 39.6 billion drams worth loans in the Armenian national currency and $53.6 million in the US currency. ($1 – AMD 482.16). —0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img