Household-owned deposit accounts in foreign currencies increase by 1.1 percent in October to 420.2

YEREVAN, December 10. / ARKA /. The total amount of household-owned deposits  in foreign currencies increased by 1.1 percent in late October from September to 420.2 8 billion drams, according to a statement on the official website of the Central Bank of Armenia.

It said time deposits in foreign currencies stood at 353.5 billion drams as of late October, making 85.1 percent of all deposits, rising by 2.2 percent from September.

The amount of deposits in Armenian dram saw a 2.4 percent rise from the previous month to 176.9 billion drams. The total amount of deposits kept by 21 commercial banks stood at 1.175.5 trillion drams, rising by 0.9 percent from September. ($1 – 40724 drams). -0-

spot_img

POPULAR

Central Bank: Armenia’s current public debt level is not a cause for concern

The current level of Armenia's public debt is not a cause for concern, stated Deputy Governor of the Central Bank of Armenia Hovhannes Khachatryan.

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

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 attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

LATEST NEWS

spot_imgspot_imgspot_img