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

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Unibank and Unisport took part in the “Tricolor” Yerevan Beat Run

Employees of Unibank and the Unisport club took part in the "Tricolor" Yerevan Beat Run.

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

LATEST NEWS

spot_imgspot_imgspot_img