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Daily Archives: Jul 9, 2012

Net capital outflow form Armenian decreases to $331 million

Economy
Net capital outflow from Armenia in the first quarter of this year declined by $51 million year-on-year to $331 million, according to Tatul Manaserian

Armenian currency will begin to strengthen in mid July: Expert

Economy
Tatul Manaserian, head of Alternative think-tank, said today Armenia’s national currency, the dram that has depreciated heavily against the USD

Armenian Central Bank’s net assets drop by 8 percent in May

Banks
Armenia’s Central Bank said its net internal assets slashed by 7.9% in May as opposed to April to a total of 212.4 billion drams. According to its Bulletin for May

Armenia: Forex market review, July 2-6

Exchange market
Last week the cost of USD at NASDAQ OMX Armenia stock exchange rose by 0.09% to 419.00 drams as overall weekly trading amounted to $8.0 million, a 43.26% down over the previous week due to a short working week on the occasion of Constitution Day celebrations. The average selling rate of cash greenback climbed by 0.13% to 420.41 drams on July 7, Saturday.

Armenian Central Bank auctions 1.5 billion drams worth short-term bonds

Capital market
The Central Bank of Armenia said it has auctioned 1.5 billion drams worth short-term

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Latest news

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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.

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