Armenian dram’s value reaches new low of 560 drams per one USD at stock exchange

YEREVAN, December 17. / ARKA /. Transactions with currency have resumed today at Nasdaq OMX Armenia stock exchange after a three-day halt. The average exchange rate of US dollar at the stock exchange has risen by 21.48 percent from December 10 to 560 drams.

The stock exchange told ARKA that one transaction was effected today with US dollars worth $100,000 (the equivalent of 56 million drams). The average market exchange rate of the USD at the end of December 17 was 527.20 drams, the euro traded at 656.94 drams.

The Central Bank has sold today $4 million at the local market at the weighted average exchange rate of 570.58 drams per one US Dollar. -0-

spot_img

POPULAR

Unibank Call Center Now Available 24/7 on Weekdays

Unibank has extended the call center's operating hours, making customer support even more accessible.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Significant inflows of transfers and capital to Armenia boosted reserves to a record $6.5 billion in August – WB

Thanks to significant remittance and capital inflows, gross reserves in Armenia rose to a record $6.5 billion in August, equivalent to 4.3 months of import coverage, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Food prices account for 57% of inflation in Armenia – WB

Food and non-alcoholic beverage prices account for 57% of inflation, despite a slowdown in their growth rate from 8.6% in June to 6.4% in August, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

LATEST NEWS

spot_imgspot_imgspot_img