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Tag: local forex market

Armenian banks bought $100.5 million from local forex market last week

Banks admin -
Seventeen Armenia-based commercial banks bought about $100.5 million at the local intrabank foreign currency market from December 10 to December 14 at the weighted average exchange rate of 484.44 drams for $1, the Central Bank reported

Armenian banks bought $66.5 million from local forex market

Banks admin -
Seventeen Armenia-based commercial banks bought about $66.5 million from September 3 to September 7 at the local forex market at the weighted average rate of 483.24 drams for $1, the press service of the Central Bank reported

Armenian banks bought $82.2 million at local forex market

Banks admin -
Armenian banks bought a total of $82.2 million at the local forex market from August 20 to August 24 at the weighted average rate of 482.19 drams for $1, the press service of the Central Bank reported

Armenian banks bought about $84.1 million last week from local forex market

Banks admin -
Seventeen Armenia-based commercial banks bought about $84.1 million from August 13 to August 17 at the local forex market at the weighted average rate of 482.21 drams for $1, the press service of the Central Bank reported

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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