Armenian banks bought about $94 million last week

YEREVAN, June 27. / ARKA /. Armenia’s commercial banks bought a total of $93.9 million from the local foreign currency market on June 20- 24 at the average weighted exchange rate of 475.88 drams per one USD, the Central Bank said.

It said the banks also bought 12.1 million euros and 1.2 billion Russian rubles at the average weighted exchange rates of 536.01 and 7.34 drams per one euro and one ruble respectively.

The banks also sold about $68.1 million, € 11.3 million and 380.4 million rubles at average weighted exchange rates of 477.11, 538.07 and 7.43 drams respectively.

In addition, from June 13 to 19 May, the banks provided 36.7 billion drams worth loans in the national currency and $31.1 million worth loans in USD. ($ 1- 476.02 drams).  -0-

spot_img

POPULAR

Special Mortgage Offers: IDBank at Toon Expo: Invest 2026

At Toon Expo.Invest 2026 Vol. 2, taking place from November 13-15, IDBank will offer special mortgage terms, featuring lower interest rates than current rates and up to 5% cashback, in accordance with the Bank's applicable terms and conditions.

IDBank at the UBA Regional Conference: From Travel Solutions to Business Opportunities

IDBank participated in the latest regional conference of the Union of Banks of Armenia, held this time in Gyumri.

35% Discount for the 35th Anniversary on Selected IDBank Cards

IDBank continues its series of initiatives dedicated to its 35th anniversary. To mark this jubilee year, the Bank presents another profitable offer to its customers.

Armenian Government Approves Agreements with EBRD for Construction of Two Customs and Logistics Centers Worth €57 Million

Approximately €57 million in loan and grant funds from the European Bank for Reconstruction and Development (EBRD) has been allocated for the construction of customs and logistics centers in Yerevan and Armenia’s Syunik Province.

Acba Bank Launches Its Own Processing System

Acba Bank is transitioning to its own payment processing system, aiming to enhance the quality of its services and introduce new technological solutions and offerings for its clients.

LATEST NEWS

spot_imgspot_imgspot_img