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Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
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Inflation in Armenia climbs 0.5% in May

YEREVAN, June 21. /ARKA/. Year-on-year inflation in Armenia reported 0.5% rise in May, according to the National Statistical Service of Armenia

Along with this, consumer prices slipped by 1.3% in May from April.

Economic activity in Armenia jumped by 8% in May from a year earlier, and by 14.1% from April.
Inflation is projected at 4% (±1,5%), and GDP growth – at 4.2% in the state budget of Armenia for 2012.—0—

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Russia may allow payment of authorized capital of financial organizations in Armenian drams

The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

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