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Daily Archives: Dec 7, 2016

Gold buying price down 1.8 percent

Economy
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, set new prices for government agencies to buy and sell precious stones and metals which were effective from November 28 to December 4

Armenian central bank auctions short-term government bonds worth AMD 3 billion

Capital market
The Central Bank of Armenia auctioned Tuesday AMGT13073177 13-week government bonds worth AMD 3 billion, the press office of the regulator told ARKA News Agency

Armenia’s foreign trade deficit narrowed by $47.4 million to $228 million in 3rd Q 2016

Economy
Armenia’s foreign trade deficit has narrowed by $47.4 million over the third quarter of this year to $228 million as a result of the progressive increase of export indicator

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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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