Mon, 8 September
32.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Former head of Armenia’s Central Bank says dram’s depreciation within acceptable frameworks

YEREVAN, 10 November. /ARKA/. A former head of Armenia’s Central Bank, Bagrat Asatrian, said latest fluctuations of Armenian national currency, the dram, are within the acceptable frameworks. In an interview with ArmNews TV he said dram’s devaluation did not go beyond logical framework.

“I do not think there are grounds to worry about. I hope that the Central Bank will not intervene to prevent dram’s devaluation,” he said.

He added that fluctuations are within 2-3 percentage points. According to Asatrian, the depreciation of the dram will not affect inflation, as dram has lost only a few percents of its value, and this phenomenon is temporary.

According to the National Statistical Service of Armenia, in October 2011, the average exchange rate of one USD was 376.45 drams, 4.5% higher than last year’s October when one USD traded at 360.28 drams. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img