Foreign currency household deposits 415.6 bln drams in Armenia by end-September

YEREVAN, November 7. /ARKA/. Foreign currency household deposits in Armenian commercial banks totaled in 415.6 bln drams by the end of September 2012, the website of Armenia’s Central Bank reports.

According to the report, it is a 1.6 percent increase as compared to the month before.

Foreign currency time deposits by households were over 345.8 bln drams by the end of September or about 83.2% of the overall foreign currency household deposits, a 1.43% increase compared to August.

Local currency (AMD) household deposits were about 172.8 bln drams in Armenia by the end of September, a 0.1% increase against the previous month.

Overall deposits in commercial banks were over 1165,1 drams, which is a 3.7% increase against August.

As of 30 September 2012 there are 21 commercial banks in Armenia. ($1 – 407.30 drams).—0–

spot_img

POPULAR

Up to AMD 1 billion in business financing: Byblos Bank Armenia’s new offer

Byblos Bank Armenia is offering preferential terms for businesses seeking financing or refinancing, including:

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

LATEST NEWS

spot_imgspot_imgspot_img