Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Around $71 million bought by Armenian banks last week

YEREVAN, May 29. /ARKA/. Armenia’s commercial banks bought around $71 million from the local foreign currency market on May 21 to 25 at the average weighted exchange rate of 482 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 10.3 million euros and 1080.2 million Russian rubles at the average weighted exchange rates of 565.05 and 7.77 drams per one euro and one ruble respectively.

The banks also sold about $85.9 million, € 15.8 million and 616.8 million rubles at average weighted exchange rates of 483.28, 569.06 and 7.867 drams respectively.

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

In addition, from May 14 to May 20, the banks have provided 63.1 billion drams worth loans in the national currency and $42.2 million worth loans in USD. ($ 1- AMD 482.76 drams). –0—-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

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.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img