Armenia’s international reserves grow by $73 million in August

YEREVAN, September 8. /ARKA/. Armenia’s gross international reserves grew by 3.4% or $73.1 million in August 2017 amounting to $2.176.4 billion, according to preliminary data of the Central Bank.

It said foreign assets in freely convertible currency in August 2017 stood at $2.175.5 billion, while the special drawing rights (SDR) at the IMF were worth $0.9 million. ($ 1 – 478.25 drams) -0-

spot_img

POPULAR

Armenia to Receive €170.3 Million IBRD Loan for Economic Transformation

On Wednesday, the Armenian government approved a proposal to sign a €170.3 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity).

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 18-24)

Last week, the Armenian financial market focused on bank restructuring mechanisms, the tax model for bank dividends, the regulatory agenda, comments from international financial institutions, and the development of financial literacy.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 26, 2026, fell by 0.27 points compared to May 25, to 367.74 drams.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

Euro, dollar, and ruble exchange rates against the Armenian dram rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, as of May 27, 2026, increased by 0.31 points compared to May 26, reaching 368.05 drams.

LATEST NEWS

spot_imgspot_imgspot_img