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Daily Archives: Oct 2, 2015

USD gains 0.3 percentage points against dram

Exchange market
The US dollar has gained today 0.3 percentage points against Armenia’s currency trading at 473.15 drams, the Central Bank reported

Capital outflows from emerging markets on track to exceed inflows

Capital market
Capital outflows from emerging markets are on track to exceed inflows this year for the first time since 1988 amid concern that a slowdown in China, a currency selloff and higher interest rates in the US will make riskier assets less attractive

Armenia’s monetary base down 0.8 percent in august to 876.6 billion drams

Economy
The monetary base in Armenia in 2015 August fell 0.8% from July to about 876.6 billion drams, the National Statistical Service (NSS) said

Mutual foreign direct investments between CIS countries in 2014 drop by 12%

Banks
According to the sixth report of a years-long research project in 2014 the fall in mutual foreign direct investments (FDI) between the CIS countries was $6.3 billion, or 12% year-on-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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