Mon, 28 July
37.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian citizens choose to invest their money into deposits in foreign currency

YEREVAN, December 27. /ARKA/. In 2011 Armenian citizens chose to invest their free money into time deposits in foreign currency, which rose to the equivalent of 327.7 billion drams at the end of November, according to numbers unveiled by the Central Bank in a statement posted on its official website.

According to the statement, the amount of time deposits in foreign currency grew by 3.4% from October to 35.5% of all deposits kept at commercial banks. Call deposits in foreign currency grew by 6.5% from October to the equivalent of 130.6 billion drams.

The amount of time deposits in Armenian drams grew by 4.4% to 124.1 billion drams, while call deposits in drams grew by 2.8% to 147.3 billion drams. ($1 – 383.58 drams).  -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.

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.

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.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img