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Dow Jones, S&P 500 in record territory

YEREVAN, July 12./ARKA/. The Dow Jones industrial average and S&P 500 both closed Thursday with record highs after remarks by Federal Reserve Chairman Ben Bernanke that seem to indicate a continued stimulus.

The Dow rose 169.26, or 1.1 percent, to close at 15,460.92, breaking through a record set May 28.
But that wasn’t the only stock index to hit highs. The S&P 500 closed up 22.40 to 1,675.40, its highest level ever.

It wasn’t a record, but the Nasdaq was up 57.54 to close at 3,578.30 — its highest mark since 2000.—0-

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Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

US dollar, euro and ruble up against dram

The average market exchange rate of the U.S. dollar to the Armenian dram at the end of March 14, 2025, amounted to 392.34 drams, up 0.6 points compared to March 14.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

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.

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