Average market exchange rate of dram rises against USD

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.