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

Central Bank of Armenia warns of a new wave of telephone fraud

The Central Bank of Armenia has warned citizens of a new wave of telephone fraud.

Armenia to Receive €170.3 Million IBRD Loan for Economic Transformation

On Wednesday, the Armenian government approved a proposal to sign a €170.3 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity).

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img