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 joins FinTech Armenia as Founding Member

Byblos Bank Armenia has joined FinTech Armenia Association as a Founding Member, marking a significant milestone in the Bank’s ongoing efforts to drive digital transformation and innovation within the financial sector.

Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

In the first quarter of 2026, Yerevan's budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

LATEST NEWS

spot_imgspot_imgspot_img