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Daily Archives: Aug 16, 2023

EDB: nominal exchange rate of Armenian currency against USD will be near AMD 397 by yearend

Exchange market
According to the base scenario forecast of the Eurasian Development Bank (EDB), the nominal exchange rate of the Armenian currency against the USD will be close to AMD 397 at the end of 2023

Annual price growth in Armenia will stay close to zero in Q3 – EDB

Banks
During the third quarter of 2023, annual price growth in Armenia will be close to zero and will remain below the Central Bank's target of 4±1.5% during the rest of the year, according to the latest Macroeconomic Review of the Eurasian Development Bank

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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