Around $65 million bought by Armenian banks last week

YEREVAN, July 9. /ARKA/. Armenia’s commercial banks bought around $65 million from the local foreign currency market on July 2 to 6 at the average weighted exchange rate of 482.08 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 19.4 million euros and 1 476.7 million Russian rubles at the average weighted exchange rates of 561.25 and 7.62 drams per one euro and one ruble respectively.

The banks also sold about $76.7 million, € 24.4 million and 558.9 million rubles at average weighted exchange rates of 483.29, 563.48 and 7.70 drams respectively.

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

In addition, from June 25 to July 1, the banks have provided 72.7 billion drams worth loans in the national currency and $71.3 million worth loans in USD. ($ 1- AMD 483.17 drams). -0—-

spot_img

POPULAR

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Armenian tomatoes will be exported to Europe

With the support of Acba Leasing, Prom Group purchased 20 brand-new Volvo trucks, which will be used to export high-quality Armenian tomatoes to Europe as early as July of this year.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly:  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 June 16, 2026, increased by 0.15 points compared to June 15, reaching 368.21 drams.

”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation.

LATEST NEWS

spot_imgspot_imgspot_img