Around $194.2 million bought by Armenian banks last week

YEREVAN, March 19. /ARKA/. Armenia’s commercial banks bought around $194.2 million from the local foreign currency market on February 26 to March 2 at the average weighted exchange rate of 480 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 19.4 million euros and 1.65 billion Russian rubles at the average weighted exchange rates of 590.60 and 8.39 drams per one euro and one ruble respectively.

The banks also sold about $166.5 million, € 30.8 million and 1.67 billion rubles at average weighted exchange rates of 481.18, 594.59 and 8.47 drams respectively.

No dollar exchange transactions have been effected at NASDAQ OMX Armenia stock exchange over the mentioned period.

In addition, from February 126 to March 11, the banks have provided 97.3 billion drams worth loans in the national currency and $72.5 million worth loans in USD. ($ 1- AMD 480.39 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.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

LATEST NEWS

spot_imgspot_imgspot_img