Armenian banks bought $56.1 last week

YEREVAN, May 30. /ARKA/. Armenian commercial banks bought a total of $56.1 million at the local intra-bank forex market from 23rd to 27th of May at the average weighted exchange rate of 476.79 drams per one USD, the Central Bank said today.

The banks were said to have also bought 5.3 million euros and some 973.4 million Russian rubles at the average weighted exchange rates of 532.84 and 7.19 drams per one euro and one ruble respectively.

At the same time, they sold $63.2 million, €12.7 million and 394.8 million rubles at the average weighted average exchange rates of 478.55, 536.04 and 7.27 drams respectively.

Besides,  from 16 to 22 May, the banks provided 43.8 billion drams worth loans in the national currency and also  $76.9 million  worth loans in USD ($ 1- 477.82 drams).. -0-

spot_img

POPULAR

Armenian insurance company Prime Insurance Brokers has received Lloyd’s Broker accreditation

Armenian insurance company Prime Insurance Brokers LLC has received accreditation as a Lloyd's broker.

AI will be integrated into virtually all capital market processes in Armenia – expert

In Armenia, AI will be integrated into virtually all processes in one way or another, and where to begin depends on the specific objectives and current priorities of financial institutions, according to Arman Aleksanyan, co-founder and CEO of Eleveight AI.

Euro fell 2.07 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of March 19, 2026, fell by 0.12 points compared to March 20, to 377.38 drams.

Bankruptcy will be regulated in Armenia

At its session on Wednesday, the National Assembly of Armenia adopted amendments to the RA Bankruptcy Code in the first reading, along with the accompanying legislation.

Armenia’s public debt-to-GDP ratio in 2025 was 47.3% – Finance Ministry

The public debt-to-GDP ratio by the end of 2025 is 47.3%, below the target of 50%, stated Armenian Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img