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Yerevan
USD: 393.90 RUB: 4.48 EUR: 412.81 GEL: 139.68 GBP: 497.97
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3.6% inflation recorded in Armenia in November

YEREVAN, December 21. /ARKA/. An inflation rate of 3.6% was recorded in Armenia in November against the same month of 2011, the country’s national statistical service reported.

In the reporting month, consumer prices rose by 1.4% compared to October and by 2.5% compared to November 2011.

Economic activity grew by 5.5% in November 2012 against November 2011. Yet, economic activity dropped by 6.7% compared to the month before. Some 7.1% increase was recorded in economic activity in January-November, as compared to the same period of the year before.
Under the state budget, inflation is projected at 4% (±1.5%) and GDP growth at 4.2% for 2012. -0-

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Central Bank of Armenia has no plans to tighten liquidity requirements for banks (EXCLUSIVE)

Armenia’s Central Bank is not planning to make changes to or revise its current regulatory framework designed for local commercial banks, the regulator’s press service said in  response to  ARKA News Agency's inquiry about whether it was planning to  toughen prudential requirements for banks, particularly, the liquidity ratio because of  the large inflow of non-resident funds

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro down 2.2 points to AMD 412.42

The average market exchange rate of the U.S. dollar to the Armenian dram on February 19, 2025, totaled 395.72 drams, down 0.51 points compared to February 18.

Euro exchange rate rises 0.4 points to AMD 412.82

The average market exchange rate of the U.S. dollar to the Armenian dram on February 20, 2025, stood at 395.31 drams, down 0.41 points compared to February 19.

Cashless payments in Armenia exceed cash payments – PM

Armenian Prime Minister Nikol Pashinyan said at a government meeting that cashless payments exceed cash payments this year.

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