Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s national currency loses 16.5 percentage points of its value

YEREVAN, November 24. / ARKA /. Armenia’s national currency, the dram, has lost today 16.5 percentage points of its value against the USD as the greenback’s value has hit today the record high 435 drams this year, the Central Bank reported.

According to the regulator, the USD value has risen by 5.8 percent since the beginning of November.

In the meantime the value of euro has risen by 19.38 drams from November 21 to 539.53 drams.
At NASDAQ OMX Armenia stock exchange the greenback traded today at 435 drams, having grown by 4.07% from the previous session.

A total of 113 transactions with USD were effected today at the exchange worth $31.19 million (the equivalent of 13.5 billion drams).

To shore up the dram the Central Bank sold $ 60.7 million in the last three weeks. Overall, it has sold $203.38 million this year at the local forex market and bought $50.15 million.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img