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USD: 398.84 RUB: 4.00 EUR: 412.80 GEL: 139.95 GBP: 488.34
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Euro up 3.8 drams, US dollar down 0.1 points

Banks
The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

General news

Armenia to get $40 million loan from  IBRD for substation reconstruction

Banks engeditor -
The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

Banks engeditor -
The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

Banks engeditor -
Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

Latest news

All news
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Banks

Euro up 3.8 drams, US dollar down 0.1 points

Banks engeditor -
The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

Banks engeditor -
The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

Banks engeditor -
The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

Banks engeditor -
Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

Economy

Cashback of 15.2 billion drams: Armenia extends program for pensioners

At a meeting on Thursday, the Armenian government decided to extend the cashback program for non-cash purchases for pensioners and beneficiaries until December 30, 2025.

Central Bank of Armenia lowers refinancing rate to 7.50% in 11th consecutive cut

On September 10, the Central Bank of Armenia (CBA) reduced its refinancing rate by 0.25 percentage points, setting it at 7.50%, according to a statement from the regulator.

Armenian broker Invia Investments to provide access to trading on ITS

Armenian broker Invia Investments has obtained a license from the Astana International Financial Centre (AIFC) and completed all necessary procedures to connect to the international trading platform ITS.

Capital market

Armenia Securities Exchange rebrands to Armenia Stock Exchange

The Armenia Securities Exchange has officially changed its name in English to Armenia Stock Exchange.

Armenian, Abu Dhabi stock exchanges sign MoU to strengthen strategic partnership

On Tuesday, a Memorandum of Understanding (MoU) was signed between the CEO of the Armenian Stock Exchange (AMX), Hayk Yeganyan, and the CEO of the Abu Dhabi Securities Exchange Group, Abdul Salam Al Nuami. This agreement aims to establish mutually beneficial cooperation between the two exchanges and strengthen their strategic partnership, as reported by AMX's press service.

Total volume of transactions on AMX in January-March totalled 112 billion drams

The total volume of transactions made at the Armenian Securities Exchange (AMX) in January-March 2024 stood at about 112 billion drams, the National Statistical Committee (NSC) reported.

Crypto

Buy and sell cryptocurrencies for Armenian drams. Bybit opens doors for Armenian crypto-enthusiasts

Bybit announces the addition of a new option enabling enthusiasts to buy cryptocurrencies on the P2P platform for Armenian drams

“Bear market’: sale of crypto-assets or the right time to buy

According to many news reports, cryptocurrencies are experiencing now a "troubled" time and might not survive in this massive bear market

Staking stablecoins: how cryptocurrency exchanges can compete with conventional banks

In less than a decade, cryptoexchanges have forged a path forward that usually takes conventional exchanges decades if not longer. Today, Bybit and other platforms provide their customers with broad access to investments and other tools for making money from cryptoassets having become real competitors to conventional exchanges, especially considering that access to the latter is very difficult for ordinary citizens

Interview

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook.

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

Development of Armenia’s capital market is hampered by lack of qualified financial intermediaries, investment banks and brokers – AMX CEO

In an exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path
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Latist news

Euro up 3.8 drams, US dollar down 0.1 points

0
The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

0
The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

0
The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

Pashinyan holds meeting on regulation of crypto-assets

0
Armenian Prime Minister Nikol Pashinyan chaired a meeting to discuss a draft law designed to regulate the field of crypto-assets.

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