Tue, 29 April
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USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
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China stocks hit 7-week high; Asia pares losses: CNBC

YEREVAN, May 17. /ARKA/. China’s benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia’s equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.

The Shanghai Composite hit a seven-week high at 2,276 points while the Nikkei pared losses to close above 15,000 and Sydney’s S&P ASX 200 added 0.4 percent.

Liquidity and volume were light in Asia with financial markets in South Korea and Hong Kong shut for public holidays.

For the week, the Nikkei was on track to outperform global peers with gains of over 3 percent compared to a 1 percent increase in the FTSE 100 and the S&P 500. –0–

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Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

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