Tue, 19 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Interest rates at Armenia’s financial market continue stabilizing in November

YEREVAN, December 21. /ARKA/. Interest rates at Armenia’s financial market continued stabilizing in November, the press office of the Central Bank of Armenia said today in its report presenting the results of the bank board’s meeting held on December 11.

“Average inter-bank repo interest rate rose 0.15 percentage points to 9.0% in November, compared with October, average interest rate at the primary market of up-to-one-year government bonds went 0.15 percentage points up, reaching 9.96%, and average interest rate on inter-bank loans at stock exchange rose 0.15 points to 7.91%,” the central bank’s report says.

The Armenian dram weakened by 0.12% against the U.S. dollar in November, compared with October, to 407.1 drams per one dollar, but strengthened against the euro by 0.98% to 522.3 drams per one euro and revaluated against the Russian ruble by 0.69% to 12.98 drams per ruble.

Monetary environment in November was following: 12-month growth of money and dram supply grew 21.2% and 16.3% respectively. Deposits in drams grew 25.2% and deposits in foreign currencies 27.7%. If currency fluctuations are not counted, the latter grew by 20.5%.

“Lending in Armenia grew 26.1% in November, compared with the same month a year earlier, and loans extended in foreign currencies continue dominating lending in the country,” the reports says. -0—

spot_img

POPULAR

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Investments without myths: CEO of Cube Invest on opportunities, risks and development prospects of Armenian capital market

Investments in the modern world are not only an opportunity to increase capital but also a powerful tool for economic development.

LATEST NEWS

spot_imgspot_imgspot_img