Wed, 2 July
20.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Central Bank of Armenia refrains from forecasting the exchange rate of dram for 2025

The Chairman of the Central Bank of Armenia Martin Galstyan declined today forecasts on the exchange rate of the national currency , the dram, against the US dollar for the next year and did not comment on the impact of the recent fluctuations of the Russian ruble.   

Finance Minister: Armenia has no problems with public debt management

The government of Armenia does not have serious problems with managing the public debt,  Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about  about how manageable the debt is and what the main risks associated with it are.

LATEST NEWS

spot_imgspot_imgspot_img