Armenian banks bought $67 million last week

YEREVAN, August 13. /ARKA/. Seventeen Armenia-based commercial banks bought about $67 million from August 6 to August 10 at the local forex market at the weighted average rate of 481 drams for $1, the press service of the Central Bank reported.

It said also the banks bought 12.4 million euros and about 1.506.2 billion Russian rubles at the weighted average rate of 555.33 drams for €1 and 7.44 drams for 1 ruble, respectively.

At the same time, they sold about $74.7 million, €23.8 million and 715.5 million Russian rubles at the weighted average rate of 482.42 drams, 558.98 drams and 7.5 drams, respectively.

Besides, from July 30 to August 5, the banks provided about 63.6 billion dram worth in loans in the Armenian national currency and about $44.5 million worth loans in USD. ($ 1- 482.16 drams). -0-

spot_img

POPULAR

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14–20)

This week, Armenia's financial agenda was shaped by changes in monetary policy direction, the cost of bank funding, inflation, and the situation in the foreign exchange market.

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.

LATEST NEWS

spot_imgspot_imgspot_img