Mon, 29 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Second-quarter exchange rate teetering in Armenia had positive impact on monetary assets

YEREVAN, August 23. /ARKA/. The impact of the exchange rate fluctuation on monetary assets and their equivalents was positive. It totaled over 3.6 billion drams in the second quarter of this year, according to the banks’ second-quarter financial interim report.

Last quarter the impact was 1.9 billion drams, also positive, the data shows.

According to the National Statistical Service of Armenia, the Armenian dram devalued against the USD by 3.4% in the second quarter from a quarter earlier.

In the second quarter an average exchange rate was 401.53 drams per $1.—0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img