Around $93.5 million bought by Armenian banks last week

YEREVAN, May 21. /ARKA/. Armenia’s commercial banks bought around $93.5 million from the local foreign currency market on May 14 to 18 at the average weighted exchange rate of 483.42 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 9.1 million euros and 1091.9 million Russian rubles at the average weighted exchange rates of 573.52 and 7.76 drams per one euro and one ruble respectively.

The banks also sold about $92.79 million, € 14.7 million and 546.6 million rubles at average weighted exchange rates of 484.73, 577.07 and 7.86 drams respectively.

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

In addition, from May 7 to May 13, the banks have provided 56.8 billion drams worth loans in the national currency and $31.6 million worth loans in USD. ($ 1- AMD 483.26 drams). –0—-

spot_img

POPULAR

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 23–29)

The week in the Armenian financial market was marked by a combination of fiscal clarifications, regulatory changes, and institutional decisions.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

LATEST NEWS

spot_imgspot_imgspot_img