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Armenia’s forex reserves down $54 million in April

YEREVAN, May 6. /ARKA/. Armenia’s gross international reserves in late April 2016 stood at $1.568.1 billion, a decrease of 3.3% or $53.9 million from the previous month, according to the Central Bank. Assets in freely convertible currencyies stood at $1.554.1 billion, while the special drawing rights (SDR) at the IMF were estimated at $14 million.

According to the regulator, Armenia’s gross international reserves at the end of 2015 stood at about $1. 775.3 billion against $1.489.4 billion at the beginning of the year (a 19.2% growth). -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

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.

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