Sat, 6 September
22.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian dram strengthens against USD and euro

YEREVAN, December 19. / ARKA /. The Armenian dram has strengthened against the U.S. dollar by 32.43 points on Friday from the previous day after weeks of depreciation to 464.57 drams per one US dollar.

The dram has also strengthened against the euro by almost 42 points to 570.17 drams.

Earlier the central bank raised the Lombard repo rate from 10.25% to 21% and began selling fixed amount of hard currency to local banks in a bid to stabilize the situation in the financial market.
Last week the regulator was selling $6 million a day having cut the amount to $4 million for this week.

This has resulted in stabilization in the market with Armenian dram showing signs of recovery.-0-

spot_img

POPULAR

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian Cryptocurrency Assets Forum to be held in Yerevan in August

The Armenian Crypto Assets Forum will be held in Yerevan on August 22, Kilikia Business Club told ARKA news agency.

Pashinyan discusses cooperation with Goldman Sachs President for Global Affairs

Armenian Prime Minister Nikol Pashinyan received  Friday Jared Cohen, President for Global Affairs at Goldman Sachs, one of the world's leading investment banks, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img