Tue, 15 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks bought $69.2 million last week

YEREVAN, September 11. /ARKA/. Armenian commercial banks bought a total of $69.2 million from the local intra-bank foreign currency market from September 4 to September 8 at the weighted average exchange rate of 477.51 drams for $1, the press service of the Central Bank reported.

It said they also bought 9.1 million euros and about 1.15 billion Russian rubles at the weighted average exchange rates of 568.12 drams for €1 and 8.26 drams per 1 ruble, respectively.

The banks were said to have also sold about $77.5 million, €11.7 million and 506.3 million rubles at the weighted average exchange rates of 478.85 drams, 571.69 drams and 8.35 drams, respectively.
No transactions with the US dollars were effected at the NASDAQ OMX Armenia stock exchange during the reporting period.

Besides, from August 28 to September 3, Armenian banks provided 39.5 billion drams worth loans in the national currency as well as $81 million worth loans in USD. ($ 1- 478.16 drams). -0-

spot_img

POPULAR

Armenia approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Euro rises by 0.94 drams against Armenian dram

The average market exchange rate of the US dollar against the Armenian dram as of July 10, 2025, dropped by 0.08 points compared to July 9 and amounted to 383.74 drams.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

LATEST NEWS

spot_imgspot_imgspot_img