Fri, 27 February
2.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

Revaluation of AMD real effective exchange rate hit 1% in May

YEREVAN, July 16./ARKA/. The revaluation of the real effective AMD exchange rate against foreign currencies stood at 1% in May from April, the Central Bank said in its monthly newsletter.
It is said to have fallen by 1.5% in May year over year.

The nominal effective AMD exchange rate against foreign currencies in May increased by 0.29% from April, and dropped by 3.6% from May 2012. ($1 – 409.90 drams). —0-

spot_img

POPULAR

S&P assesses risks to Armenia’s financial stability as contained

International rating agency S&P Global Ratings assesses risks to Armenia's financial stability as contained.

Euro, dollar, and ruble exchange rates against the Armenian dram fell after two days of gains: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 25, 2026, fell by 0.92 points compared to February 24, to 376.92 drams.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

Net profit of Armenian credit institutions in 2025 increased 2.9-fold to 56.9 billion drams

The total net profit (after tax) of Armenian credit institutions in 2025 amounted to 56.87 billion drams, compared to 19.50 billion drams in 2024 (an increase of 2.9-fold, or 191.6%).

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 20, 2026, fell by 0.12 points compared to February 19, to 376.82 drams.

LATEST NEWS

spot_imgspot_imgspot_img