Russia’s and Armenia’s state-owned repositories of precious stones and metals (Gokhran) sign cooperation memorandum

YEREVAN, October 27. /ARKA/. Russia’s and Armenia’s state-owned repositories of precious stones and metals (Gokhran) have signed today in Yerevan a memorandum of cooperation, the Armenian ministry of finance reported after a meeting with a Russian Gokhran delegation, visiting Armenia.

The memorandum was signed by the heads of Russian and Armenian gokhrans- Andrei Yurin and  Vahe Arakelyan.

The memorandum is aimed at the mutual expansion of business ties and  ensuring  cooperation in the field of precious metals and stones between Russia and Armenia. It also envisages retraining of personnel, exchange of experience, organization of joint seminars, conferences, exhibitions and other events.

The sides will also jointly work out common approaches to development of the market of precious metals and stones. -0-

spot_img

POPULAR

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 1.03 points on August 4, 2026, compared to August 3, to 367.01 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

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.

LATEST NEWS

spot_imgspot_imgspot_img