Banks bought $58.8 million at intra-bank forex market

YEREVAN, May 10. / ARKA /. Armenian banks bought a total of $58.8 million at the local intra-bank forex market from May 2 to  May 6 at the weighted average exchange rate of 477.67 drams per $ 1,  the Central Bank said.

It said the banks also bought 7.7 million euros and about 727.7 million Russian rubles at the weighted average exchange rates of 545.59 drams per €1 and 7.25 drams per one ruble respectively.

At the same time, the banks  sold about $69.7 million, €9 million and  305.3 million Russian rubles at the weighted average exchange rates of 479.41, 551.13 and 7.38 drams respectively.

In addition, from April 25 to May 1 the banks provided about 37.9 billion drams worth loans in the Armenian national currency and  $46.7 million worth loans in USD. ($ 1- 478.96 drams).. -0-

spot_img

POPULAR

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

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.

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.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

LATEST NEWS

spot_imgspot_imgspot_img