Mon, 9 February
3.1 C
Yerevan
USD: 377.70 RUB: 4.91 EUR: 445.38 GEL: 140.39 GBP: 512.84

Over $94.4 million bought by Armenian banks last week

YEREVAN, August 22. /ARKA/. Armenia’s commercial banks bought more than $94.4 million from the local foreign currency market on August 15 to 19 at the average weighted exchange rate of 474.93 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 6.1 million euros and 1.3 billion Russian rubles at the average weighted exchange rates of 531.54 and 7.36 drams per one euro and one ruble respectively.

The banks also sold about $69.2 million, € 10 million and 376.7 million rubles at average weighted exchange rates of 476.13, 535.42 and 7.48 drams respectively.

In addition, from August 8 to 14, the banks provided 31.7 billion drams worth loans in the national currency and $39.9 million worth loans in USD. ($ 1- 474.69 drams).  —0—-

spot_img

POPULAR

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Inflation of 3.8% Recorded in Armenia in January

Twelve-month inflation (January 2026 compared to January 2025) in Armenia's consumer market stood at 3.8%, according to a report from the Statistical Committee of Armenia.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of February 6, 2026, fell by 0.31 points compared to February 5, to 377.7 drams.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img