Mon, 10 March
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Yerevan
USD: 394.58 RUB: 4.45 EUR: 428.40 GEL: 142.19 GBP: 509.72
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CB of Armenia approved the schedule of mandatory reservation of the banks for 2010

YEREVAN, December 4. /ARKA/. Central Bank of Armenia approved the schedule of mandatory reservation of the banks for 2010. Monetary means of commercial banks should be mandatory reserved in CB as by drams, as well as by US dollars. According to the normative of mandatory reservation, normative in the amount of 8% is defined for drams and 12% for US dollars. Today 22 banks are functioning in Armenia. Total assets of banking system of Armenia as of September 30, 2009 are 1266.4 billion drams, volume of total liabilities – 999.6 billion drams and total volume of capital for the same period – 266.8 billion drams. ($1- 385. 44 drams). G.K. –0—

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Insurance market of Armenia is in embryonic state

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Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Armenia and Georgia agree to jointly fight financial crimes

Head of Armenia's State Revenue Committee Eduard Hakobyan met with Soso Ramishvili, Head of the Investigation Service of the Georgian Ministry of Finance, within the framework of his visit to Tbilisi.

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Euro jumps 7.83 points to 421.78 drams

The average market exchange rate of the U.S. dollar to the Armenian dram on March 5, 2025, amounted to 394.3 drams, up 0.44 points compared to March 4.

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