Sat, 4 October
15.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

Armenian dram/Russian ruble pair trading at Moscow Exchange reaches hundreds of millions a day

YEREVAN, September 23. /ARKA/. Armenian dram/Russian ruble pair trading at the Moscow Exchange reach hundreds of millions a day, Russian Deputy Minister of Economic Development Dmitry Volvach said in an interview with the Public Television of Armenia.

He said at the very beginning the amounts were insignificant, but after a few weeks the volumes have increased more than a thousand times.

‘Hundreds of millions of transactions are made in these currencies on a daily basis,” said the Deputy Minister.

According to him, it means that both Russian and Armenian businesses need liquidity in these currencies because they are used to pay for real export and import contracts or to make mutual investments.

“We are now living in such an interesting time when we have to capitalize on restrictions or challenges  to ensure that our economies grow and develop,” Volvach stressed.-0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img