Around $99.3 million bought by Armenian banks last week

YEREVAN, October 8. /ARKA/. Armenia’s commercial banks bought around $99.3 million from the local foreign currency market on October 1 to 5 at the average weighted exchange rate of 483.28 drams per one USD, the Central Bank of Armenia reported on Monday.

It said the banks also bought 9.18 million euros and 1 930.6 million Russian rubles at the average weighted exchange rates of 557.08 and 7.32 drams per one euro and one ruble respectively.

The banks also sold about $109.3 million, € 33.6 million and 762.5 million rubles at average weighted exchange rates of 484.72, 560.53 and 7.43 drams respectively.

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

In addition, from September 24 to 30, the banks have provided 66 billion drams worth loans in the national currency and $73.1 million worth loans in USD. ($ 1- AMD 485.51 drams). -0—-

spot_img

POPULAR

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.

Unibank Awarded Client Protection Certification by MFR

Unibank has been awarded the Client Protection Certification by MFR, a global rating agency, providing assessments, data and technical expertise for the sustainable finance industry.

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.

Euro rises 3.86 points to Armenian dram, while US dollar and ruble remain unchanged

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 14, 2026, remained unchanged from April 13, at 375.19 drams.

ADB expects inflation in Armenia to accelerate to 3.8% in 2026, despite slower growth

The Asian Development Bank (ADB) expects inflation in Armenia to accelerate in 2026, despite slower growth.

LATEST NEWS

spot_imgspot_imgspot_img