Mon, 9 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Central bank comments on allegation about imminent default in Armenia

YEREVAN, December 18. /ARKA/. Arthur Stepanyan, a member of the board of the Central bank of Armenia, in response to the media outlets that have disseminated the allegation that the Armenian national currency will plunge 20% and the country will face default in January, said Tuesday that neither default nor devaluation are expected in Armenia, and such allegations are illogical and groundless.

He told journalists that things in the county are more than stable now.

On day earlier, the central bank denied the allegation released by Zhamanak with reference to the newspaper’s sources close to the authorities and disseminated by certain media sources.

Harut Kbeyan, the regulator’s spokesman, said on his Facebook page that the aim of such fictions is to create adverse outlooks.

He urged media sources not to generate “bestsellers” connected with inflation, foreign exchange rates, reserves, deposits, loans and the financial system.

“Today Armenia’s financial system is firm and stable, and all artificial comments on the above-mentioned themes can create groundless outlooks, which are not relevant in terms of long-term development of the country,” he said. -0—

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

LATEST NEWS

spot_imgspot_imgspot_img