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

Euro, dollar, and ruble exchange rates fell against the Armenian dram, according to the Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, decreased by 0.06 points to 360.34 drams on November 6, 2026, compared to November 5.

Central Bank of Armenia continued its rate hike amid prevailing inflation risks – Galstyan

The Board of the Central Bank of Armenia has decided to continue its policy of raising interest rates, taking into account the likelihood of scenarios involving increased inflation risks, stated Central Bank Chairman Martin Galstyan.

Dili Town in Dilijan: A hotel complex with 96 partners plans to enter the international market

Seven years ago, the Dili Town concept existed only as an idea, but today it has been realized as a complex unique in Armenia – a "city within a city."

Armenia’s public debt-to-GDP ratio in 2027 may exceed the expected 2026 figure by 0.7 percentage points

Armenia's public debt-to-GDP ratio in 2027 is projected to be 47.2%, which is 0.7 percentage points higher than the expected 2026 figure, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

LATEST NEWS

spot_imgspot_imgspot_img