Russians’ interest in Armenian national currency increased sharply after announcement of mobilization in Russia

YEREVAN, October 10. /ARKA/. After the announcement of partial mobilization by Russian President Vladimir Putin, Russians’ interest in the currencies of Armenia, other CIS countries and Turkey has sharply increased, according to Russian daily ‘Izvestia’, which cited data of Sravni marketplace.

Armenian dram and Kazakh tenge got the most attention. Interest in their exchange rates for the period from September 21 to October 2, 2022 was 7 and 6.5 times higher, respectively, than in  the same period last year.

The individuals were 4.5 times more active in tracking the exchange rate of the Azerbaijani manat, 3 times – the Uzbek sum, and they more than doubled their interest in the Turkish lira and Tajik somoni.

Russians have not ignored the traditional U.S. and EU currencies; the attention to their rates has increased by 2 and 3.5 times, respectively.

Major credit organizations confirmed to “Izvestia” the increased demand of Russians for the above currencies.

Absolut Bank said that they have noticed this trend in the market. The demand for monetary units of the CIS countries has been increasing since late September.

Since September 21, there has been a moderate growth of clients’ interest in foreign currencies, said “Russian Standard”. –0–

spot_img

POPULAR

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

Unibank’s Renamed “Tumanyan” Branch Opens at a New Location

Unibank’s branch, previously located in the Moscow Cinema building, has moved to a new location and has been renamed "Tumanyan."

Central Bank of Armenia has identified a key principle for regulating crypto assets based on risks

The Central Bank of Armenia adheres to the "same risk, same regulation" principle when regulating digital and virtual assets, Central Bank Deputy Chairman Hovhannes Khachatryan stated on Friday at the 4Future Banking forum in Yerevan.

Cube Invest contributes to the development of Armenian investment market

At the initiative of leading investment company Cube Invest, the first-ever "INVESTMENT PERSPECTIVES 2026" conference was held, bringing together leading financial and banking experts, high-ranking representatives of government agencies and organizations, investors, and entrepreneurs.

LATEST NEWS

spot_imgspot_imgspot_img