Mon, 3 March
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Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
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Percent rates of long-term credits for physical entities reduced by 0.45 p.p. in May

YEREVAN, June 20. /ARKA/. Average percent rates of long-term credits (over 1 year) for physical entities reduced by 0.45 p.p. in May compared with April, states the official site of CBA.

Dram credits reduced by 0.4 p.p. and foreign currency credits – by 0.5 p.p. making in average 17.7% and 15.6% respectively.

Percent rates of mortgage loans in drams and in foreign currency reduced by 0.1 p.p.

Average percent rates for legal entities in drams reduced by 0.3 p.p. and foreign currency credits – by 0.1 p.p. making in average 14% and 11.4% respectively. -0-

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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.

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

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.

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