Armenian central bank asks citizens not to form speculative forex expectations

YEREVAN, April 15. /ARKA/. Armenia’s Central Bank intervenes in the local foreign exchange market only in extreme cases in order to mitigate potential serious fluctuations, said Andranik Grigoryan, head of the Central Bank’s Financial Stability Department.

“We have always said that we adhere to the floating exchange rate. The Central Bank intervenes in the foreign exchange market only in extreme cases to mitigate potential serious fluctuations. And the latter cases are not an exception either- the Central Bank intervened in the market solely to mitigate and help avoid strong fluctuations,” he said to a news conference today.

“We have always advised and continue to advise – there is no need to form different expectations due to short-term fluctuations. Now we just need to believe in the Armenian dram and believe in our policy,” he stressed.

He added that the country’s financial market is returning to normal, natural processes.
“We should not succumb to critical, sharp fluctuations. Our appeal remains unchanged: our currency is dram, and we must believe in and work with the dram,” he said.

Armenian Prime Minister Nikol Pashinyan said on April 13 that the Central Bank bought $ 8.1 million in the foreign exchange market, saying it was evidence of the financial market’s trust in his government’s anti-crisis policy.

According to the Central Bank of Armenia, on the last day of March, the market exchange rate of US dollar against Armenian dram rose to over 500 drams, however, in a couple of days it began to decline again falling to 486.12 drams on April 15… -0-

spot_img

POPULAR

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

Armenian bank assets grew by 8.1% in the first half of the year, reaching 13.8 trillion drams — Union of Banks of Armenia

The total assets of Armenian banks as of June 30, 2026, amounted to 13.8 trillion drams, an increase of 8.1% since the beginning of the year, announced Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img