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Daily Archives: Feb 4, 2013

Armenia: foreign exchange market January 29- February 1

Interviews
The average weighted exchange rate of a U.S. dollar at NASDAQ OMX Armenia stock exchange fell last week by 0.43% to 406.91 drams while the weekly trading

Armenian Central Bank auctions short-term government bonds worth AMD 1 billion

Capital market
On Monday, the Central Bank of Armenia sold 52-week AMGT52032149 government bonds worth 1 billion drams, the regulator’s press office reports

VTB Bank (Armenia) to reopen two renovated branches in Yeghegnadzor and Masis

Banks
he Russian-owned VTB Bank (Armenia) said today it will re-open Wednesday two renovated branches in Yeghegnadzor, the administrative center of Vayots Dzor region and Masis, a town in Ararat region

Gold price lowers in Armenia

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

Sergey Ignatov appointed new head of EDB office in Armenia

Banks
Sergey Ignatov was appointed new director of the Eurasian Development Bank (EDB) office in Armenia, the EDB said in a statement posted on its official website

Last week’s forex transactions total $7.6 mln at NASDAQ OMX Armenia

Capital market
Dollar-dram exchange transactions made at NASDAQ OMX Armenia stock exchange over the period between January 29 and February 1 totaled about $7.6 million against $16.3 between January 21 and 25, the press office of the Central Bank of Armenia reports

Armenia’s commercial banks purchase over $81.2mln at intra-banking forex market last week

Banks
YEREVAN, February 4. /ARKA/. Armenian commercial banks purchased more than $81.2mln at a weighted average rate of 406.37drams per $1 in intra-banking foreign exchange market in the period from January 29 to February 1, the press service of the Central Bank reported

Armenia’s gross international reserves down 1.14% to $1,799.5mln in December 2012

Exchange market
Armenia’s gross international reserves dropped 1.14% to $1,799.5mln by the end of December 2012 as compared to the beginning of the year, according to the preliminary information, the Central Bank of Armenia reported on its website

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Latest news

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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