Armenia’s gross foreign reserves grew by 0.9% in late October to $1.839.1 billion

YEREVAN, November 17. /ARKA/. Armenia’s gross foreign reserves in late October, 2016 stood at $1. 839.1 billion, having increased over the month by 0.9% or $17.4 million, the Central Bank said.

It said foreign reserves in freely convertible currency in October 2016 were worth $1.831.9 billion.

According to the regulator, special drawing rights (SDR) at IMF at the end of the reporting period stood at $7.3 million ($ 1 – 479.03 drams).. -0-

spot_img

POPULAR

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 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.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

LATEST NEWS

spot_imgspot_imgspot_img