Sun, 11 January
-7.9 C
Yerevan
USD: 381.21 RUB: 4.81 EUR: 443.92 GEL: 141.50 GBP: 511.13

Residents’ deposits in foreign currencies in Armenia’s banks grow 6.7% to AMD 734.7 billion in October

YEREVAN, December 19. /ARKA/. Residents’ deposits kept in foreign currencies in Armenia’s commercial banks totaled AMD 734.7 billion in late October after growing 6.7% since the beginning of this year, the Central Bank of Armenia reports at its official website.

Deposits in foreign currencies made up 58.6% of the aggregate deposits in Armenian commercial banks in late October.

Deposits in Armenian drams have grown 12.7% since the beginning of this year reaching AMD 518.7 billion in late October.

Deposits in Armenia’s commercial banks grew 3.8% to AMD 1 675 billion. ($1 – AMD 497). –0–

spot_img

POPULAR

Armenian banks tighten checks on Russian transactions

Banks in Armenia and Serbia have tightened checks on Russian transactions following Russia's inclusion on the EU's money laundering blacklist, RBC reports, citing lawyers and international business consultants.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img