Fri, 31 January
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Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
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Moody’s changes U.S. rating from “Negative” to “Stable”

YEREVAN, July 19./ARKA/. Moody’s reviewed U.S. credit rating up from “negative” to “stable,” RIA Novosti reported referring to Reuters.

Moody’s downgraded credit rating of the USA to negative in August 2011. Early this year, Moody’s warned the U.S. economy might face downturn in sovereign credit rating.

However, on Friday the agency affirmed Aaa for the USA and reviewed its forecasts to “stable.” Moody’s said the measures taken by the U.S. government meet the requirements of the agency.—0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

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.

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