Sat, 26 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s monetary base fell by 3.1% in April

YEREVAN, June 3. /ARKA/. Armenia’s monetary base reduced by 3.1% in April compared to March to about 755.5 billion drams, ArmStat reported based on preliminary information from the Central Bank of Armenia.

Cash outside the Central Bank amounted to about 392.6 billion drams as of the end of April, compared to about 382.5 billion drams in March.

Mandatory reserves in drams totaled over 189.5 billion drams against over 182.16 billion at the end of March; those in foreign currencies exceeded 170.4 billion drams versus about 209.4 billion as of the end of March.

Net international reserves less money from privatization were over 504.9 billion by the end of February, a reduction of 7.3% compared with March.

Net internal assets totaled over 250.6 billion drams as compared to 234.8 billion drams at the end of March. ($1=413.49drams). –0–

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img