Dollar Gains 1.02 Points at Armenian Forex

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Unibank continues to expand its digital service capabilities by offering customers another convenient option for registering in the UNIMobile application.

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.