Tue, 8 July
16.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Armenians prefer deposits in foreign currencies

YEREVAN, January 27. /ARKA/. Armenian citizens preferred to invest their free money in foreign currency deposits, which stood at 661.6 billion drams at the end of 2011, according to a statement on the official the website of the Central Bank of Armenia. Deposits in foreign currency made 68.2% of all deposits.

The amount of time deposits in foreign currency increased by 4.2% in December as opposed to November to 341.3 billion drams making 352% of all deposits kept at commercial banks. Call deposits in foreign currency dropped by 4.9% in late December from November to 124.2 billion.

The volume of time deposits in Armenian national currency in December amounted to more than 136 billion drams, having increased by 9.6% in comparison with November, while call deposits increased by 8.5% to 160.8 billion drams.($1 – 387.04 AMD). -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img