Mher Abrahamyan elected head of Union of Banks of Armenia

Banks

YEREVAN, October 4. /ARKA/. Mher Abrahamyan, Board Chairman of IDBank CJSC, was elected as new head of the Union of Banks of Armenia.

He has replaced Artak Hanesyan, the CEO of Ameriabank CJSC, who headed the organization in 2018 and 2019. -0-

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Announces

Central Bank: Armenia’s international reserves exceed record $5.7 billion

Armenia's international reserves have reached a record high, exceeding $5.7 billion, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.
Exchange market

Euro and dollar exchange rates against the Armenian dram fell slightly, while the ruble rose,: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 19, 2026, fell by 0.04 points compared to June 18, to 368.15 drams.
Exchange market

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly:  Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 16, 2026, increased by 0.15 points compared to June 15, reaching 368.21 drams.
Economy

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."
Announces

Armenia to increase participant limit for private investment funds from 49 to 99

The National Assembly of Armenia adopted an amendment to the law "On Investment Funds" in its first reading at its session on Thursday.

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