Thu, 18 September
14.1 C
Yerevan
USD: 382.94 RUB: 4.61 EUR: 453.25 GEL: 141.01 GBP: 522.45

Armenian banks bought $79 million from local forex market last week

YEREVAN, October 29, /ARKA/. Seventeen Armenia-based commercial banks bought about $79.3 million at the local intrabank foreign currency market from October 22 to October 27 at the weighted average exchange rate of 484.03 drams for $1, the Central Bank reported.

It said also over the same period, they bought 18.6 million euros and about 1.658.5 billion rubles at the weighted average rates of 551.62 drams for €1 and 7.35 drams for 1 ruble, respectively.

Also they sold about $113.9 million, €19.4 million and 742.2 million Russian rubles at the weighted average exchange rates of 485.55 drams, 560.20 drams and 7.44 drams respectively.

Besides, from October 15 to October 21, they provided about 57.7 billion drams worth loans in Armenian drams, and $43.2 million loans in US dollars. ($ 1–485.80 drams). -0-

spot_img

POPULAR

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img