Tue, 10 March
-2.9 C
Yerevan
USD: 377.29 RUB: 4.82 EUR: 436.15 GEL: 137.62 GBP: 503.49

Armenian banks bought about $80 million last week

YEREVAN, September 3. /ARKA/. Seventeen Armenia-based commercial banks bought about $80.2 million from August 27 to August 31 at the local forex market at the weighted average rate of 482.06 drams for $1, the press service of the Central Bank reported.

It said also the banks bought 9.8 million euros and about 1.571 billion Russian rubles at the weighted average rate of 560.11 drams for €1 and 7.07 drams for 1 ruble, respectively.

At the same time, they sold about $94.5 million, €15 million and 699.6 million Russian rubles at the weighted average rates of 483.34 drams, 564.46 drams and 7.18 drams respectively.

Besides, from August 20 to August 26, the banks provided about 62.1 billion drams worth loans in the Armenian national currency and about $28 million worth loans in USD. ($ 1- 482.16 drams). -0-

spot_img

POPULAR

Byblos Bank Armenia introduces the Mastercard World card

Byblos Bank Armenia has introduced its new Mastercard World card, offering numerous benefits both in Armenia and abroad.

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.

Money scam: Central Bank warns of cases of fraud purporting to be carried out in its name

The Central Bank of Armenia has warned of cases of fraud in which criminals pose as regulator employees and urge citizens to transfer funds to other accounts.

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.

Euro to Armenian dram exchange rate fell by 5.41 points, while dollar and ruble exchange rates changed little

The average market exchange rate for the US dollar to the Armenian dram, determined on March 2, 2026, increased by 0.11 points compared to February 27, reaching 376.99 drams.

LATEST NEWS

spot_imgspot_imgspot_img