Armenia’s commercial banks purchased $62.7 mln last week

YEREVAN, May 7. /ARKA/. Armenia’s banks purchased nearly $62.7 million at 391.4 per $1 average weighted rate within May 2-4 in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Monday.

At the same period, the banks obtained nearly 4.3 million euros and about 384.8 million rubles at weighted average rate 514.76 drams per €1 and 13.19 drams per 1 ruble.

The banks sold over $67.9 million, over €10.3 million and 41.1 million rubles at weighted average rate 392.4 drams, 518.8 drams and 13.39 drams respectively.

USD purchase-sales were amounted to $3,5 million at weighted average rate 392.07 drams per $1 in inter-banking market of the foreign currency within the reported period. Transactions in rubles and euros were not made in the market within the reported period.

Moreover, within April 23-29, the volume of dram loans provided by the Armenian banks totaled 42.2 billion drams, and USD loans- $71.7 million. ($1 – 391.86 drams).—0–

spot_img

POPULAR

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

Central Bank of Armenia should be prepared to adjust interest rates if necessary – IMF

The ongoing economic uncertainty underscores Armenian authorities' need for continuing efforts to build resilience and improve prospects for future growth, the International Monetary Fund (IMF) said in a press release.

LATEST NEWS

spot_imgspot_imgspot_img