Around $80 million bought by Armenian banks last week

YEREVAN, June 11. /ARKA/. Armenia’s commercial banks bought around $80 million from the local foreign currency market on June 4 to 8 at the average weighted exchange rate of 482.49 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 10 million euros and 1 133.1 million Russian rubles at the average weighted exchange rates of 564.57 and 7.75 drams per one euro and one ruble respectively.

The banks also sold about $72.1 million, € 27.7 million and 572.8 million rubles at average weighted exchange rates of 483.73, 568.04 and 7.84 drams respectively.

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

In addition, from May 28 to June 3, the banks have provided 43.6 billion drams worth loans in the national currency and $71.4 million worth loans in USD. ($ 1- AMD 483.22 drams). -0—-

spot_img

POPULAR

IDBank to Provide Scholarships Worth 35 Million Drams to 103 Artsakh Students at YSU

IDBank has signed a memorandum of cooperation with Yerevan State University.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 30, 2026, rose by 0.36 points compared to March 27, to 377.54 drams.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

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.

LATEST NEWS

spot_imgspot_imgspot_img