Armenia’s gross international reserves down 7.2% to $1. 687.9 bln

YEREVAN, December 28. /ARKA/. Armenia’s gross international reserves as of late November decreased by 7.2% from early this year to $1. 687.9 billion, the Central Bank of Armenia (CBA) said in a statement posted on its official website.

It said reserves in convertible foreign currency accounted for the most of the assets ($1.687.5 billion). The Central Bank said also Armenia’s SDR at IMF totaled $0.5 million versus $57 million as of early this year. ($1- 403.58 drams).—0–

spot_img

POPULAR

Armenian Card reported technical issues

The national payment system Armenian Card CJSC (ArCa) reported technical issues.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

LATEST NEWS

spot_imgspot_imgspot_img