Tue, 4 March
1.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Armenian dram strengthens by 0.3% against dollar in November

YEREVAN, November 30. /ARKA/. Consumer prices rose 1.6% in Armenia in November, compared with October, as the Armenian dram strengthened by 0.3% against the U.S. dollar, National Statistical Service of Armenia reports.

In November compared with December 2009, consumer prices went 7.5% up, and the Armenian national currency weakened by 5 percent against the dollar.

According to the statistical report, consumer prices rose 4.5% and the dram climbed 25.7% against the dollar in November, compared with the same month a year earlier.

In November 2010, the dollar traded at 361.51 drams, while in November 2009, it traded at 387.08 drams.

The exchange rate set by the Central Bank of Armenia on November 30 was AMD 359.07 per $1. -0—

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

LATEST NEWS

spot_imgspot_imgspot_img