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Asian stocks slide led by Tokyo on worries of rising yen: AP

YEREVAN, June 13. /ARKA/. Asian stock markets endured sharp losses Thursday as gyrations on the Tokyo market, the region’s biggest, continued — fueled by worries about a surging yen and monetary policies in the U.S.

Investor skepticism about the economic strategies of Prime Minister Shinzo Abe for extracting Japan from two decades of stagnation also figured high in the Nikkei 225’s big drop.

KOSPI dropped by 0.37% to 1902.88. Australian S&P/ASX 200 slumped 0.79% to 4687.60. –0—

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar rate down 0.35 points to 397.92 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

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