Armenian dram got stronger by 0.5 percent in September

YEREVAN, October 3. / ARKA /. The Armenian national currency, the dram, strengthened against the US Dollar in September if compared with August declining by 0.5 percent, while consumer prices rose by 0.8 percent in the same time span, the National Statistical Service (ArmStat) said.

ArmStat said when compared to 2011 September, the 0.6 percent consumer price rise was accompanied by a 3.3 percent rise in dram’s value against US Dollar. In 2012 September the average exchange rate of a USD was 408.77 drams. -0-

spot_img

POPULAR

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Armenia to prepare action plan to implement MONEYVAL recommendations — Union of Banks

Armenia's interdepartmental commission will soon present for discussion an action plan to implement MONEYVAL recommendations, said Daniel Azatyan, Chairman of the Union of Banks of Armenia, in response to a question from ARKA news agency.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

LATEST NEWS

spot_imgspot_imgspot_img