Thu, 5 February
-2.9 C
Yerevan
USD: 378.26 RUB: 4.93 EUR: 446.88 GEL: 140.65 GBP: 518.67

Central Banks of Russia, China discuss bypassing dollar

YEREVAN, June 26. /ARKA/. Representatives of the Bank of Russia and the People’s Bank of China discussed cooperation issued during the talks in Shanghai on June 25-26, Prime reported.

The main topic discussed was promotion of national currencies in bilateral settlements and bypassing US dollar that prevails in cooperation now. The sides also considered creation of a joint rating agency competing with Moody’s, Fitch and S&P, the website of the Russian central bank reports.

The two regulators talked about new forms of cooperation in insurance sector and expansion of interaction in financial field, according to the report. –0–

spot_img

POPULAR

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Euro, dollar, and ruble drop against Armenian dram

As of February 3, 2026, the average exchange rate of the US dollar against the Armenian dram in the Armenian foreign exchange market has risen by 0.59 points from February 2, now standing at 378.44 drams.

Central Bank of Armenia advocates for maximum rigor in identifying crypto company clients.

The chairman of the Central Bank of Armenia, Martin Galstyan, asserts that the process of identifying clients of cryptocurrency companies in the country should be as stringent as possible.

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img