Fri, 19 September
17.1 C
Yerevan
USD: 382.59 RUB: 4.62 EUR: 452.83 GEL: 140.01 GBP: 522.58

Armenia’s monetary base drops 2.8% to 623.7bln drams in November

YEREVAN, December 28. /ARKA/. Armenia’s monetary base grew fell by 2.8% to 623.7bln drams in November against October, the country’s national statistical service reported.

Cash outside the Central Bank of Armenia totaled over 406.3bln drams by the end of November, as compared with over 400.8bln drams at the end of October.

Mandatory reserves in drams stood at over 162.5bln drams against more than 170.3bln drams at the end of October; mandatory reserves in foreign currency reached over 47.3bln drams versus 53.8bln drams.

Net international reserves (without privatization funds) amounted to around 377.5bln drams by the end of November, a 1.4% reduction against October.

Net domestic assets dropped to over 246.2bln drams from over 258.6bln drams in late October.  ($1 – 403.27 drams).  –0–

spot_img

POPULAR

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.

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.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

LATEST NEWS

spot_imgspot_imgspot_img