Armenian dram real effective exchange rate fell 0.78% in October

YEREVAN, December 10. /ARKA/. Real effective dram versus foreign currency exchange rate dropped by 0.78% in October against September, says the Central Bank of Armenia monthly information handbook for October 2013.

At the same time, dram revaluation was 7% in October 2013 against October 2012.

Nominal effective exchange rate of Armenian dram against foreign currencies dropped by 0.68% in October compared to the month before and rose by 4% compared to October 2012. ($1=406.80drams). –0—

spot_img

POPULAR

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

LATEST NEWS

spot_imgspot_imgspot_img