IMF confirms its Armenian economy forecast

YEREVAN, December 10, /ARKA/. The International Monetary Fund has left unchanged its forecasts about Armenian economic growth for next year, IMF outgoing Resident Representative Nienke Oomes told ARKA today.

‘We think that the full-year economic contraction in 2009 will be 15.6% and the next year’s growth –will be 1.2%,’ she said.

The IMF has predicted that Armenian economy will grow by 3% in 2011, by 3.5% in 2012, by 4% in 2013 and by 4.5% in 2014. -0-

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Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Euro exchange rate against the Armenian dram falls; dollar and ruble see slight gains — Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on October 20, 2026, rose by 0.08 points compared to October 19, reaching 361.49 drams.

Armenian banks’ profit grew by 8.6% to 334.4 billion drams over 9 months

The aggregate after-tax profit of Armenian banks for the period from January to September 2026 reached 334.44 billion drams, compared to 307.87 billion drams for the same period in 2025.

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Euro and US dollar exchange rates against Armenian dram continued to decline, while ruble risen once again: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market, fell by 0.19 points on October 23, 2026, compared to October 22, reaching 361.14 drams.

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