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

”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation.

Armenian tomatoes will be exported to Europe

With the support of Acba Leasing, Prom Group purchased 20 brand-new Volvo trucks, which will be used to export high-quality Armenian tomatoes to Europe as early as July of this year.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 8-14)

The week in Armenia's financial market was influenced by decisions by international financial institutions, currency dynamics, capital market data, and the debt agenda.

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

Central Bank of Armenia maintains the refinancing rate at 6.5% for the fifth consecutive time

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img