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

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

LATEST NEWS

spot_imgspot_imgspot_img