Ministry of Economy responds to concerns about shortage of dollars for customer service

YEREVAN, March 14. /ARKA/. Over the past month, Armenian banks have bought more dollars from their customers than they have sold, the Armenian Ministry of Economy said.

According to the ministry, in recent days the public has been concerned that banks do not or will not have enough US dollars to serve their customers, given the fact that individual customers are actively converting their savings into US dollars.

“In the period from February 10 to March 11, 2022, banks bought $583.3 million from their clients, and sold $539.1 million, the difference is $44.2 million,” the Ministry of Economy’s telegram channel says. -0-

spot_img

POPULAR

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

LATEST NEWS

spot_imgspot_imgspot_img