USD slips a little against Armenian dram after protracted growth

YEREVAN, November 12. /ARKA/. The average market value of US dollar against Armenian dram has dropped today by 1.77 points from November 11 to 480.88 drams, the Central bank said.

It said also the market value of euro has dropped from 518.90 drams to 515.21 drams and the market value of Russian ruble has dropped from 7.49 drams to 7.31 drams.

No transactions with US dollars or euros were effected today at NASDAQ OMX Armenia stock exchange. The demand price for US dollars was 481 drams and the biding price was 483 drams.
The latest deal there was made on October 30 when the greenback traded at 473.75 drams. -0-

spot_img

POPULAR

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

LATEST NEWS

spot_imgspot_imgspot_img