Central Bank auctions 41.7 million today

Exchange market
финансы, деньги, валюта, доллар
финансы, деньги, валюта, доллар

YEREVAN, December 20. / ARKA /. The Central Bank of Armenia auctioned today $1.7 million to local commercial banks at the average weighted exchange rate of 447.5 drams per one USD.

The Central Bank’s offer was worth $4 million, however, only $1.7 million worth bids were made.

The Central bank began selling fixed amount of hard currency to local banks on December 8 and will be doing so until the end of the year.-0-

spot_img

POPULAR

Exchange market

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.
Banks

Converse Bank Named Armenia’s Best Digital Bank for Consumers by Euromoney

Converse Bank has been named Armenia’s Best Digital Bank for Consumers by the internationally renowned financial publication Euromoney, receiving the prestigious recognition at the Euromoney Awards for Excellence 2026 ceremony held in London on 16 July.
Economy

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.
Economy

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.
Exchange market

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Inecobank receives $10 million loan from EBRD for financing energy saving projects
Inecobank receives $10 million loan from EBRD for financing energy saving projects
Next article
финансы, деньги, валюта, доллар
Dollar versus dram rate at forex market fell 8.82 points on December 20