Thu, 15 January
-2.9 C
Yerevan
USD: 379.42 RUB: 4.83 EUR: 441.46 GEL: 140.79 GBP: 509.18

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

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

LATEST NEWS

spot_imgspot_imgspot_img