Armenia’s forex reserves grow to $2,990.6 billion

YEREVAN, June 11. /ARKA/. Armenia’s foreign exchange reserves in late April 2021 stood at $2,990.6 billion, the Central Bank said today, up from $2,615.5 billion in late December, 2020.

The bulk of foreign exchange reserves were external assets worth $2,951.5 billion ($2,606.6 billion in December 2020), of which $1,680.4 billion ($1,780.5 million in December 2020) were securities and $1,271.1 billion ($826.1 million in December 2020) were cash and deposits.

The rest of the reserves were $38.9 million worth SDR. Other reserve assets were worth $0.1 million.

Other foreign currency assets, as of April 2021, stood at $12 million ($26.5 million in December 2020). In 2019, Armenia’s forex reserves increased by 26.1%, or by about $590 million reaching $2.85 billion.

–0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

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

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

LATEST NEWS

spot_imgspot_imgspot_img