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Daily Archives: Oct 1, 2015

US dollar drops by 0.86 percentage points to 472.85 drams

Exchange market
The cost of US Dollar against Armenia's currency has dropped today by 0.86 percentage points from September 30 to 472.85 drams, the Central Bank said

Private remittances to Armenia in august down 38.3% from the year before- central bank

Exchange market
Private remittances to Armenia sent via banks for non-commercial purposes in 2015 August were 38.3% down from the year before totaling $114.7 million, the Central Bank of Armenia said in a statement posted on its official website

Armenia’s total public debt grows by 0.6% in late August to $4.754 billion

Economy
Armenia’s total public debt at the end of August 2015 stood at $4.753.8 billion, an increase of 0.6% from the previous month, according to the latest numbers, released today by the National Statistical Service (NSS). NSS also said the total public debt was 7% higher from the beginning of the year

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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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