Over $68.4 million bought by Armenian banks last week at local forex market

YEREVAN, May 2. /ARKA/. From April 25 to 29 all Armenia-based banks bought over $68.4 million at the local forex market at the average weighted exchange rate of 479.07 drams per $1, the Central Bank said.

In the same time span they bought also 7.9 million euros and about 804.7 million Russian rubles at the average weighted exchange rates of 538.93 and 7.24 drams respectively.

The banks also sold about $62.9 million, € 12.7 million and 804.7 million Russian rubles at the average weighted exchange rates of 480.75, 544.06 and 7.34 drams respectively.

Armenia’s banks lent 44.2 billion Armenian drams and 72.6 million US dollars over a period between April 18 and 24. ($1– AMD 478.61). –0—

spot_img

POPULAR

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img