Tue, 3 February
6.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

Armenian households’ deposits in foreign currencies at local banks amount to 331.1 billion drams

YEREVAN, January 17, /ARKA/. Armenian households’ deposits in foreign currencies kept at local commercial banks amounted to 331.1 billion drams at the end of 2011 November, the Central Bank said.

The figure represented a 4% rise form the previous month. Time deposits in foreign currency grew by 4.4% from October to 268.4 billion drams making 81% of all deposits.

Household deposits in Armenian national currency were said to have grown by 3.8% from October to 130 billion drams. The overall amount of deposits kept at 21 commercial banks increased 2.5% to 924 billion drams, the Central Bank said. ($1 – 389 drams). -0-

spot_img

POPULAR

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

LATEST NEWS

spot_imgspot_imgspot_img