Armenia’s central bank has reserved $185 million since the beginning of the year

YEREVAN, June 28, /ARKA/. Armenia’s Central Bank has reserved $185 million since the beginning of the year, Prime Minister Nikol Pashinyan said on Thursday before the beginning of a Cabinet session.

According to him, positive trends in the country’s economy are having positive impact on foreign exchange market. As a result, the Central Bank is increasing its currency reserves.

“A week ago, the Central Bank had reserved $140 million. In one week the reserves have amounted to $185 million. In fact, over the last week, the Central Bank has increased the reserves by $50 million, and this is a good impulse,” said Pashinyan.

Earlier, the head of the Central Bank Arthur Javadyan stated in the parliament that since April 2019 the Central Bank has bought $140 million in the local foreign exchange market. ($1 – 477.33 drams). –0–

spot_img

POPULAR

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

Central Bank of Armenia conducts currency interventions to prevent market turmoil – Galstyan

In the face of a significant influx of foreign capital, the Central Bank of Armenia periodically conducts currency interventions to prevent serious turmoil in the currency market.

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Central Bank of Armenia plans to implement Open Banking and change its approach to bank licensing – Galstyan

The Central Bank of Armenia plans to implement the concepts of Open Banking and Open Finance in the coming years, as well as change its approach to banking licensing. This was stated by Central Bank Chairman Martin Galstyan in an interview with Hetq.

LATEST NEWS

spot_imgspot_imgspot_img