Fri, 28 November
0.1 C
Yerevan
USD: 381.07 RUB: 4.86 EUR: 441.47 GEL: 141.14 GBP: 503.97

Armenian Dram Strengthens 2.3 Points against Dollar in May

YEREVAN, May 31. /ARKA/. Market prices in Armenia went 1% up, and the national currency strengthened 2.3% against the US dollar on the foregn exchange in May, compared with April, National Statistical Service of Armenia reports.

Consumer prices and Armenian dram exchange rate rose 5.3% and 1.3% accordingly in May 2010, compared with December 2009.

They climbed 5.5% and 21% in May 2010, compared with the same month a year earlier.

In May 2010, one dollar traded at AMD 385.58 on average (3.5% rise, compared with May 2009, when the US currency traded at AMD 372.46).—0—

spot_img

POPULAR

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img