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Daily Archives: Feb 21, 2020

Armenia’s dram was the only currency across EEU that did not depreciate against US dollar in 2019

Economy
Armenia's national currency, the dram, was the only currency across the Eurasian Economic Union (it also includes Russia, Belarus, Kazakhstan and Kingston) that did not depreciate against the US Dollar in 2019, according to a report on major socio-economic indicators of the Eurasian Economic Union (EEU) in 2019

Transfers to individuals in Armenia continue growing – daily

Banks
The volume of transfers addressed to individuals in Armenia continues to grow, the Zhogovurd reports

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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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