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 is discussing the creation of a guarantee fund for small business lending with the Ministry of Economy and the World...

The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.

Armenia Central Bank Governor: Open Banking Will Strengthen Clients’ Position with Financial Institutions

The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

A New Level of Insurance Innovation: The Armenian Bureau of Motor Insurers and GAIP Sign a Cooperation Agreement

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

LATEST NEWS

spot_imgspot_imgspot_img