Tue, 29 April
11.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Expert: Tendency of dram strengthening will stop at the end of the year

YEREVAN, July 23. /ARKA/. Tendency of dram strengthening in Armenia is seasonal and will stop at the end of the year, said ex-head of CB Armenia Bagrat Asatryan.

“We returned to the regime of floating rate, prices go up which brings to dram strengthening”, he said.

Important role in dram strengthening plays the phenomenon of “housewives” in summer period when canning of vegetables and fruit starts in Armenian families.

“In summer Armenian families start to spend their accumulated money which brings to dram strengthening “, said Asatryan.

From June 21 to July 21 Armenian dram revalued towards US dollar by 7.69 points or 2.1% (from 371.7 to 364.01 drams). >From the beginning of summer maximum low margin of US dollar rate towards Armenian dram was registered on June 17 when the rate was 363.35 drams for 1 US dollar. –0–

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

In Armenia, remittances have begun to recover after a 35% decline in 2024

On the demand side, average real wages in Armenia have increased in 2025, and net money transfers have shown an upward trend, contributing to consumption growth, according to the World Bank's Armenia Monthly Economic Update – April 2025.

LATEST NEWS

spot_imgspot_imgspot_img