Armenia’s aggregate state debt amounts to over $6.7 billion

YEREVAN, January 31. /ARKA/. Armenia’s aggregate state debt amounted to $6.774.6 billion at the end of 2017, an increase of 14% or $832.5 million from the previous year, the National Statistical Service (NSS) said. It said also the state debt increased by $343.9 million at the end of December when compared to the previous month.

According to NSS, the country’s external state debt at the end of 2017 stood at $5.494.9 billion, having increased by 14.3% or $689.3 million from the year before.

Of that amount about $4.893.3 billion were the Armenian government’s debt (an increase of $592.4 million), and some $601.5 million were owed by the Central Bank’ (an increase of $96.5 million).

Armenia’s domestic debt at the end of December 2017 amounted to the equivalent of $1.279.6 billion, an increase of $143.2 million. About $1.115.5 billion were owed to holders of government bonds, some $155.1 million were owed to holders of Armenian government’s USD-denominated bonds and $9 million were owed as government guarantees. -0-

spot_img

POPULAR

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Unibank Call Center Now Available 24/7 on Weekdays

Unibank has extended the call center's operating hours, making customer support even more accessible.

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7–13)

Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.

LATEST NEWS

spot_imgspot_imgspot_img