Armenian banks bought $95.8 million at local interbank forex market

YEREVAN, February 13. /ARKA/. Armenian banks bought a total of $95.8 million at the local inter-bank forex market in a time span from February 6 to February 10 at the weighted average exchange rate of 485.72 drams per one USD, the Central Bank reported today.

It said the banks bought also 17.9 million euros and 713.67 million Russian rubles at the weighted average exchange rate of 517.13 drams per € 1 and 8.19 drams per 1 ruble respectively.

In the same time span the banks sold about $102.9 million, 8.8 million euros and 294 million Russian rubles at the weighted average exchange rates of 486.85, 522.47 and 8.29 drams per one USD, one euro and one ruble respectively.

No transactions with US dollars were effected in the same time span at NASDAQ OMX Armenia stock exchange. The latest transaction there to the tune of $600,000 was recorded on January 25, 2017, when the US dollar traded at 486.79 drams.

Besides, from January 30 to February 5 the local banks provided about 34.4 billion drams worth loans in the Armenian national currency and the equivalent of 49.5 million drams worth loans in USD. ($ 1- 486.79 drams). -0-

spot_img

POPULAR

Unibank and Picsart Academy Host Kids Day for Children

Unibank and Picsart Academy organized a special Kids Day, combining education and entertainment in an environment where technology meets creativity and imagination.

VTB (Armenia) offers corporate clients effective solutions for managing idle funds

VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds.

Rate.Trading: Currency Exchange on a New Digital Platform

The development of digital financial services today involves not only improving existing banking products but also creating specialized platforms that make financial services more efficient and accessible.

IMF mission discusses macroeconomic issues and reforms with Armenian authorities

Armenian Deputy Prime Minister Tigran Khachatryan met with a delegation from the International Monetary Fund (IMF) mission, led by the IMF mission chief for Armenia, Nathan Porter, the Armenian government's press service reported.

Financial literacy among children: Idram&IDBank

Did you know that, on average, only 11% of 15-year-old students in OECD countries demonstrate capabilities corresponding to the highest, 5th level of financial literacy?

LATEST NEWS

spot_imgspot_imgspot_img