Foreign currency deposits are the most popular among the population of Armenia in September

YEREVAN, October 26. /ARKA/. Population of Armenia in September 2011 preferred to invest their available funds in foreign currency deposits, total volume of which was 312.2 billion drams by the end of September, states the data of the official site of central bank of Armenia.

Volume of foreign currency deposits of the residents in September increased by 1.1% compared to August and exceeded 35.6% of all the deposits involved by commercial banks of Armenia.

Foreign currency demand deposits were 116.2 billion drams in the reporting period, registering decline of 5.1% compared to August.

Volume of time deposits in drams was 114.6 billion drams in September, increased by 1.2% compared to August, and demand deposits – 142.3 billion drams increased by 6.5%. -0-

spot_img

POPULAR

IDBank, Visa, and Wizz Air Launch New Travel Privileges in Armenia

IDBank is the first in the CIS and Southeastern Europe to introduce the new Visa Wizz Air Platinum co-branded travel card.

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7–13)

Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.

LATEST NEWS

spot_imgspot_imgspot_img