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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-

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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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Russia may allow payment of authorized capital of financial organizations in Armenian drams

The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

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