Mon, 17 February
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Yerevan
USD: 396.51 RUB: 4.36 EUR: 414.95 GEL: 140.05 GBP: 498.65
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Money supply in Armenia contracts 3.8% to AMD 876.4 billion

YEREVAN, March 1. /ARKA/. Money supply in Armenia contracted by 3.8% or AMD 34.9 billion in January 2011, compared with December 2010, to about AMD 876.4 billion.

According to the National Statistical Service’s reports based on the central bank’s figures, cash outside of the banking system totalled AMD 275.5 billion in late January 2011 against AMD 304.3 billion in late December 2010.

Demand deposits in drams totaled AMD 112.9 billion against AMD 128.4 billion, and time deposits in drams reached AMD 93.4 billion against AMD 88.9 billion.

Deposits in foreign currencies totaled AMD 394.6 billion against 389.8 billion and made up 45.03% of the money supply in late January after growing by 2.27 percentage points over the month.

Money multiplier grew 0.09 points to 1.89. ($1 = AMD 367.37). -0-

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Insurance market of Armenia is in embryonic state

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‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

Share of problem loans in Armenia has decreased to 1.2% – EFSD report

The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”

Euro jumps 1.96 points to AMD 414.95

The average market exchange rate of the U.S. dollar to the Armenian dram on February 14, 2025, totaled 396.51 drams, having risen by 0.09 points compared to February 13.

Euro jumps 2.28 points to AMD 411.39

The average market exchange rate of the U.S. dollar to the Armenian dram on February 12, 2025, totalled 396.56 drams, having risen by 0.02 points compared to February 11.

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