Armenia’s gross international reserves rose 8.9% to $1,749.5 mln in July

Economy

YEREVAN, August 30. /ARKA/. Armenia’s gross international reserves totaled $1,749.5 million in July, an increase of 8.9% compared to June, the Central Bank of Armenia reports.

According to the report available on the central bank’s official website, the bulk of the country’s assets – $1,674.8 million – is held in hard currency.

The country’s SDR in IMF amounted to $74.4 million in late July against $34 million in June. ($1- AMD 405.91 drams).  –0—

spot_img

POPULAR

Crypto

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.
Announces

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.
Announces

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.
Announces

Government securities dominate Armenia’s capital market, with a volume of approximately $7.4 billion – Galstyan

Government securities dominate Armenia's capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.
Announces

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Asia stocks subdued as Japan data, Syria weigh: AP
Next article
Trade lending by Armenia’s banks drops by 1.5% to AMD 346.9 bln in Q2