Sun, 2 March
-0.9 C
Yerevan
USD: 393.35 RUB: 4.45 EUR: 409.08 GEL: 140.73 GBP: 495.31
spot_img

Armenia’s monetary base shrinks 4.9% to AMD 834.2 billion in October 2015

YEREVAN, December 1. /ARKA/. Armenia’s monetary base shrank 4.9% in October 2015, compared with the previous month, to AMD 834.2 billion, the National Statistical Service of Armenia reports referring to the central bank’s preliminary figures.

Cash outside the central bank amounted to more than AMD 376.7 billion in late October against AMD 375.8 billion in late September.

According to the statistical report, correspondent accounts in drams totaled around AMD 297.6 billion against AMD 313.9 billion and those in foreign currencies AMD 156.5 billion against AMD 185.7 billion.

Net international reserves less finance from privatization amounted to more than AMD 417.1 billion in late October after shrinking 4% over one month.

Net internal assets totaled AMD 417.1 billion in late October against 443.2 billion in late September. ($1- AMD 482.81). –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

ADB invested $132 million in Armenia in 2024 and approved financing for  two projects in 2025 worth $307 million

The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.

UBA chairman explains why loan interest rates haven’t dropped despite refinancing rate cuts

Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

LATEST NEWS

spot_imgspot_imgspot_img