Tue, 8 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Armenia’s monetary base in August jumps by 3.5 billion drams to about 604.6 billion drams

YEREVAN, October 2. / ARKA /. Armenia’s monetary base in August jumped by over 3.5 billion drams or 0.6 percent from the previous month to about 604.6 billion drams, according to the numbers, released today by the National Statistical Service (ArmStat).  It said also cash outside the Central Bank of Armenia totaled nearly 400.6 billion drams in late August versus  396.7 billion drams as of late July.

Mandatory reserves in drams stood at over 466 billion drams against 153.7 billion drams from late July; mandatory reserves in foreign currency reached over 48.1 billion drams versus 39.5 billion drams.

Net international reserves (without privatization funds) in late August amounted to around 384.4 billion drams, growing by 3.6 % from July. Net domestic assets dropped to over 220.2 billion drams from 230.5 billion drams in late July.  ($1 – 407.09 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

LATEST NEWS

spot_imgspot_imgspot_img