Tue, 29 April
11.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Over $87.1 million bought by Armenian banks last week

YEREVAN, October 18. /ARKA/. Armenia’s commercial banks bought more than $87.1 million from the local foreign currency market on October 10 to 14 at the average weighted exchange rate of 474.86 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 9.1 million euros and 1 billion Russian rubles at the average weighted exchange rates of 525.501 and 7.56 drams per one euro and one ruble respectively.

The banks also sold about $81 million, € 18.2 million and 384.3 million rubles at average weighted exchange rates of 476.6, 528.56 and 7.67 drams respectively.

In addition, from October 3 to 9, the banks provided 46.7 billion drams worth loans in the national currency and $48.7 million worth loans in USD. ($ 1- 476.56 drams).  –0—-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

In Armenia, remittances have begun to recover after a 35% decline in 2024

On the demand side, average real wages in Armenia have increased in 2025, and net money transfers have shown an upward trend, contributing to consumption growth, according to the World Bank's Armenia Monthly Economic Update – April 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img