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Daily Archives: Sep 23, 2016

Armenian commemorative coins named winner of international contest in Moscow

Economy
A silver coin "100th Anniversary of the Armenian Genocide", released by the Central Bank of Armenia in 2015, was named the winner of the 10th international contest "Coin Constellation - 2016" in Moscow in the category "Coin of the Year"

Armenia’s 2017 budget set to be cut – daily says

Economy
Armenia's state budget for 2017 will be reduced, a local daily "Haykakan Zhamanak" (Armenian Time) says in its today’s issue

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

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