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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Capital of Armenian credit institutions increased by 9.76% in the first quarter of 2026, exceeding 458 billion drams

The total capital of Armenian credit institutions in the first quarter of 2026 amounted to 458.03 billion drams, an increase of 9.76% compared to the first quarter of 2025.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

Russian ruble exchange rate in Armenia exceeded 5 drams: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 13, 2026, increased by 0.01 points compared to May 12, reaching 368.63 drams.

Unibank Sponsored the “Upside Down” Sport Climbing Festival

With the support of the Sport Climbing Federation of Armenia, the “Upside Down” sport climbing festival took place at the Ver Var bouldering gym, with Unibank acting as the sponsor of the event.

LATEST NEWS

spot_imgspot_imgspot_img