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

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

Central Bank of Armenia warns of fraudulent schemes involving bank accounts

YEREVAN, August 17. /ARKA/. Recently, there has been an increase in cases of criminals luring citizens into suspicious financial transactions using their bank accounts or cryptocurrency accounts, as well as e-wallets or cards to transfer criminally obtained funds, in order to conceal their true origin and beneficiaries, according to a statement from the Central Bank of Armenia's press service.

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

LATEST NEWS

spot_imgspot_imgspot_img