US dollar drops by 0.32 percentage points over dram to 482.51 drams

YEREVAN, May 31. /ARKA/. The average market value of the US dollar against the Armenian dram has dropped today by 0.32 percentage points from May 30 to 482.51 drams, the Central Bank said.

It said also the average market value of Euro has upped from 560.81 drams to 564.630 drams and the average market value of the Russian ruble has risen from 7.74 drams to 7.77 drams. -0-

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

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Head of Union of Banks: Resources like ARKA are extremely important

Professional media covering the economy and financial sector, such as ARKA news agency, play a vital role in increasing public financial literacy and awareness.

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

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Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

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