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

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 24–30) 

Armenia's financial agenda last week was determined by the Central Bank's inflation signals and monetary policy transmission, the state of international reserves, and the state's debt parameters.

Net inflow of remittances to Armenia from abroad increased by approximately 2.2 times in 7 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.56 billion in January-July 2026, compared to $716.6 million in January-July 2025, according to a report from the Central Bank of the Republic.

LATEST NEWS

spot_imgspot_imgspot_img