Fri, 23 May
18.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15
spot_img

Armenia’s monetary base drops 1.4% down to 722.5 bln drams in September

YEREVAN, October 31. /ARKA/. Armenia’s monetary base has dropped by 1.4% to AMD 722.5 billion in September, ArmState reported.

Cash outside the central bank totaled over AMD 408 billion in September, as compared to over AMD 410.6 billion in August.

Mandatory reserves in drams exceeded AMD181.9 billion (0.4% increase); those in foreign currency amounted to over AMD 128.47 billion (7.3% reduction).

Net international reserves (without funds from privatization) reached about AMD 678.9 billion by the end of September, an increase of 59% compared to August.

Net internal assets exceeded AMD 43 billion in the period against over AMD 306 billion in August. ($1= AMD 405.3). -0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

LATEST NEWS

spot_imgspot_imgspot_img