Over $74.7 million bought by Armenian banks last week

YEREVAN, October 10. /ARKA/. Armenia’s commercial banks bought more than $72.4 million from the local foreign currency market on October 3 to 7 at the average weighted exchange rate of 473.43 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 7.1 million euros and 1.27 billion Russian rubles at the average weighted exchange rates of 528.41 and 7.53 drams per one euro and one ruble respectively.

The banks also sold about $94.3 million, € 11.59 million and 575.4 million rubles at average weighted exchange rates of 474.83, 532.46 and 7.63 drams respectively.

In addition, from September 26 to October 2, the banks provided 46.7 billion drams worth loans in the national currency and $48.8 million worth loans in USD. ($ 1- 474.59 drams).  –0—-

spot_img

POPULAR

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img