Wed, 19 November
9.1 C
Yerevan
USD: 381.47 RUB: 4.73 EUR: 441.32 GEL: 141.07 GBP: 499.88

Armenian banks bought $64 million at local intra-bank forex market last week

YEREVAN, May 24. / ARKA /. Armenian banks bought a total of $64 million from the local intra-bank forex market from May 16 to May 20 at the average weighted exchange rate of 477.36 drams per $1,  he Central Bank said.

They also bought 6.5 million euros and about 833.4 million Russian rubles at the weighted average exchange rates of 536.85 per one euro and 7.27 drams per one ruble respectively.

At the same period, they sold about $60.7 million, 13.6 million euros and about 399 million Russian rubles at the average weighted exchange rates of 479.27, 541.58 and 7.37 drams  per one USD, one euro and one ruble respectively.

In addition, from May 9 to May 15, the banks provided about 32.6 billion drams worth loans in the Armenian currency and $37.4 million worth loans in US dollars. ($ 1- 477.63 drams). –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

LATEST NEWS

spot_imgspot_imgspot_img