Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian households’ foreign currency deposits stood at 396.3 billion drams in late July; Central Bank

YEREVAN, September 24. / ARKA /. The amount of Armenian households’ foreign currency deposits kept at 21 commercial banks stood at 396.3 billion drams at the end of July, according to the Central Bank of Armenia, which said the figure represented a 0.2% rise from the previous month.
At the same time, the amount of time foreign currency deposits totaled more than 326.9 billion drams, or about 82.5% of all foreign currency deposits of households, down 0.4% if compared to June, the Central Bank said.

The amount of household deposits in Armenia’s national currency, the dram, was about 166.5 billion drams at the end of July, by 2 percent more form the previous month. The total amount of all deposits at banks as of 31 July totaled 1.080 billion drams, by 1% more form June. ($ 1 – 407.09 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.

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.

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.

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.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img