Around $87 million bought by Armenian banks last week

YEREVAN, September 17. /ARKA/. Armenia’s commercial banks bought around $87 million from the local foreign currency market on September 10 to 14 at the average weighted exchange rate of 484.47 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 16.8 million euros and 1 350.4 million Russian rubles at the average weighted exchange rates of 561.52 and 6.94 drams per one euro and one ruble respectively.

The banks also sold about $90.7 million, € 17.4 million and 713.8 million rubles at average weighted exchange rates of 485.89, 564.61 and 7.03 drams respectively.

No dollar exchange transactions have been effected at NASDAQ OMX Armenia stock exchange over the mentioned period.

In addition, from September 3 to 9, the banks have provided 84.2 billion drams worth loans in the national currency and $47.2 million worth loans in USD. ($ 1- AMD 485.09 drams). –0—-

spot_img

POPULAR

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Euro and ruble exchange rates against the Armenian dram fell, while the dollar rose: Central Bank

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 24–30) 

Armenia's financial agenda last week was determined by the Central Bank's inflation signals and monetary policy transmission, the state of international reserves, and the state's debt parameters.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

LATEST NEWS

spot_imgspot_imgspot_img