Thu, 12 February
1.1 C
Yerevan
USD: 377.51 RUB: 4.88 EUR: 449.99 GEL: 140.49 GBP: 517.38

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

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (February 2–8)

Last week, Armenia's financial market was shaped by monetary policy decisions, changes to payment infrastructure regulations, and regulatory signals regarding the cryptocurrency sector.

Unibank issued a statement

Unibank commented on the publication regarding its inclusion in the EU anti-Russian sanctions package.

Market capitalization increased by 6.96% in January, exceeding 473 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for January 2026. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia to Receive €120.5 Million IBRD Loan for Tourism Development Program

At its session on Wednesday, the National Assembly of Armenia ratified a €120.5 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for the Tourism and Regional Infrastructure Development Program (TRIP) in Armenia.

Inflation of 3.8% Recorded in Armenia in January

Twelve-month inflation (January 2026 compared to January 2025) in Armenia's consumer market stood at 3.8%, according to a report from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img