Tue, 26 August
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Dollar versus dram rate jumps to 450-470 in Yerevan exchange offices

YEREVAN, December 2. /ARKA/. Dollar versus Armenian dram exchange rate hiked to 450-470 drams per USD at exchange offices in Yerevan on Tuesday December 2.

The official average market exchange rate was 435.26 drams per USD the day before.

Dram has recently hit the eight-year-high, having climbed by 16.6 points to 435 drams per USD on November 24. The central bank said it is due to currency adjustments required for increasing export competitiveness and maintaining foreign exchange reserves.

Some experts say dollar versus dram rate will stay below 500 drams per USD, fluctuating between 450 and 460 drams. Rates will get aligned if Russian ruble is stabilized, they say. –0–

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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