Mon, 3 March
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Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
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Armenia’s external reserves up 2 percent in one month to $1.982.2 billion

YEREVAN, June 19. /ARKA/. Armenia’s external reserves in May 2017 amounted to $1.982.2 billion, having increased by 2% or $42.7 million from the previous month, the Central Bank said. It said also foreign reserves in freely convertible currency in May 2017 stood at $1.974.5 billion.

According to the regulator, the country’s special drawing rights (SDR) at the IMF stood at $7.8 million at the end of the reporting period ($ 1 – 481.77 drams). -0-

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

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