Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Current account balance deficit at Armenia’s foreign trade to be narrow and controllable in 2016

YEREVAN, April 20. /ARKA/. The current account balance deficit at Armenia’s foreign trade will be low and controllable in 2016, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Tuesday.

Speaking in the National Assembly about the regulator’s monetary policy, he said that the current account deficit narrowed significantly in 2015 compared with the previous year.

In his words, 4% deficit was recorded in 2015 instead of the projected 8%, since domestic demand was weak amid outside shocks.

As a result, he said, imports reduced, while exports retained their relative stability.

Yeritsyan said that although for both imports and exports were going down, the physical volumes of trade turnover didn’t shrink, and even showed a slight growth.

«We think the improvement will last long, and in 2016, the current account balance deficit will be low and controllable contributing to stabilization of inflation and ensuring stability to markets and the public debt in the long run,» he said. —0—-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Net loan portfolio of Armenian banks in Q1 2025 increased by 32.4% to AMD 6.424 billion

The loan portfolio of the Armenian banking system, net of reserves, increased by 32.4% in the first quarter of 2025 compared to the same period last year, amounting to AMD 6.424 billion.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Acba Bank recognized as the best in CyberGEN’s Bug Bounty competition

Cyber Security Week in Armenia ended with the Bug Bounty competition with Acba Bank's offensive cyber security team  recognized as the best, according to the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img