Sun, 27 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Population of Armenia prefers to invest in foreign currency time deposits

YEREVAN, October 4. /ARKA/. Population of Armenia in August preferred to invest money in foreign currency time deposits, total volume of which was 308.8 billion drams, states the official site of Central Bank of Armenia.

According to the data, the volume of foreign currency time deposits in August increased by 4.5% compared with July making over 45.5% by the end of August of all the deposits in the commercial banks of Armenia.

Foreign currency time deposits were 122.5 billion drams at the end of August recording decline of 5.5% compared to July.

Volume of time deposits in drams was 113.3 billion drams in August increased by 3.5% compared to July. Demand deposits were 133.7 billion drams reduced by 3.9%. –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Annual meeting of BSTDB Board of Governors to be held in Yerevan

The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.

LATEST NEWS

spot_imgspot_imgspot_img