Armenian banks bought about $84.1 million last week from local forex market

YEREVAN, August 20. /ARKA/. Seventeen Armenia-based commercial banks bought about $84.1 million from August 13 to August 17 at the local forex market at the weighted average rate of 482.21 drams for $1, the press service of the Central Bank reported.

It said also the banks bought 14.3 million euros and about 1.440.3 billion Russian rubles at the weighted average rate of 548.56 drams for €1 and 7.14 drams for 1 ruble, respectively.

At the same time, they sold about $90.2 million, €19.4 million and 682.7 million Russian rubles at the weighted average rate of 483.60 drams, 552.01 drams and 7.25 drams, respectively.

Besides, from August 6 to August 12, the banks provided about 65.1 billion dram worth in loans in the Armenian national currency and about $34.5 million worth loans in USD. ($ 1- 483.14 drams). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 2–8)

The past week in the Armenian financial market was marked by the publication of macroeconomic data, capital market activity, and the continued regulatory adjustment of the payment infrastructure.

Market capitalization increased by 6.53% in February, reaching 478 billion drams – Armenia Securities Exchange

YEREVAN, March 6. /ARKA/. Equity market capitalization increased by...

Let’s Talk Smart About Money: Armenia to Host Global Money Week 2026

The international information campaign "Global Money Week 2026" (GMW2026) will be held in Armenia from March 16 to 22, 2026.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

LATEST NEWS

spot_imgspot_imgspot_img