Mher Abrahamyan elected head of Union of Banks of Armenia

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.