Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Interest rates at Armenia’s financial market continue their downward motion

YEREVAN, October 3. /ARKA/. Interest rates at Armenia’s financial market keep going down, the board of the Central Bank of Armenia said on September 23 at its session.

According to the report received Friday from the press office of the regulator, at the same session the board decided to leave the key refinancing rate unchanged – at 6.75%.

The average intra-bank REPO went 0.2 percentage points down over one month to 6.9% by September 18, the average interest rate on up-to-one-year government bonds slid 0.3 percentage points to 7.3% and the average interest rate on inter-banking loans was 6.4% after slipping 0.4 percentage points in September, compared with August.

The U.S. dollar rose 0.4% against the Armenian dram on September 18, compared with August 13, and traded at 409.5 drams.

Instead, the euro sank 2.5% against the Armenian national currency and traded at 537.7 drams and the Russian ruble dived 5.3% to 11.1 drams. ($1- AMD 407.88). –0–

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img