Euro exchange rate reaches 600 drams

YEREVAN, February 2. /ARKA/. The Euro was trading in Armenia today at 600.58 drams, the highest exchange rate since 2005, the Central Bank said. The Euro exchange rate has been growing steadily since January 24th.

The Euro is supported by expectations from the ECB to complete the buying of bonds after September of this year.

The US Dollar exchange rate has gown today by 0.06 percentage points from February 1 to 481.04 Drams. The Russian Ruble has not changed trading at 8.55 drams.-0-

spot_img

POPULAR

Fraudsters are issuing loans to Armenian citizens under the guise of utility company employees – the Central Bank has warned of a new scheme

The Central Bank of Armenia has recently received reports of a new financial fraud scheme in which criminals visit citizens' apartments posing as employees of utility companies, the regulator's press service reported.

4.3% Inflation Recorded in Armenia in October  

Twelve-month inflation in Armenia's consumer market in October of this year was 4.3%, according to a report from the Statistical Committee of Armenia.

Board of the Central Bank of Armenia raised the monetary policy rate for the second time in a row, to 7%

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, from 6.75% to 7%.

Armenia plans to attract $1.1 billion in loans in 2027 – Finance Minister

The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.

Armbanks Weekly Digest: key events of the financial market of Armenia (November 2–8)

Armenia's financial agenda last week focused on tightening monetary policy, regulating bank liquidity and discussing public debt parameters.

LATEST NEWS

spot_imgspot_imgspot_img