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Daily Archives: Sep 30, 2011

Armenian banks sell $96.7 million September 26-30 at local foreign currency market

Banks
Armenian commercial banks sold a total of $86.7 million at the local foreign currency market September 26-30 at the average exchange rate of 370.67 drams per one US Dollar, the Central Bank of Armenia said to ARKA.

Armenia’s monetary base in august increases by 52.8 billion drams to about 583.4 billion drams

Insurance
Armenia’s monetary base in August increased by 52.8 billion drams or 9.9% from the previous month to about 583.4 billion drams, the National Statistical Service told ARKA, citing preliminary figures released by the Central Bank of Armenia.

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Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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