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Armenia’s gross international reserve slashes by 4.7% in November to $1.752 billion

YEREVAN, December 15. /ARKA/. Armenia’s gross international reserves in 2016 November stood at $1.752.4 billion, having decreased by 4.7% over the month or $ 6.7 million, the Central Bank of Armenia said today.

It said external assets in freely convertible currency in November 2016 stood at $1.746.9 billion.
According to the regulator, special drawing rights (SDR) at the IMF were worth $5.4 million ($ 1 – 485.35 drams).. -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate plummets by 5.57 points to AMD 406.68

The average market exchange rate of the U.S. dollar to the Armenian dram on February 3, 2025, totaled 396.99 drams, down 0.36 points compared to January 31.

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

Net inflow of remittances from Russia to Armenia in 2024 decreased by 52.3% – Ministry of Finance

In January-December 2024, the net inflow of remittances to Armenia decreased by 34.8%, with a decline of 52.3% from the Russian Federation and 3.5% from other countries.

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