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Daily Archives: Jan 31, 2023

Armenian central bank leaves refinancing rate unchanged

Banks
Armenia's Central Bank has decided today to leave the refinancing rate unchanged at 10.75%

Residents of Armenia may be forbidden to receive loans in foreign currency

Economy
The ruling Civil Contract party of Armenian PM Nikol Pashinyan has proposed an amendment to the law On Currency Regulation and Currency Control stipulating that banks and credit organizations provide consumer and mortgage loans to Armenian residents only in the country’s national currency dram

Short-term government bonds worth AMD 3 bln placed in Armenia

Capital market
Short-term government bonds worth AMD 3 bln with maturity date of May 1, 2023 were placed on January 30, the Armenian Ministry of Finance reported

Armenia’s gross international reserves

Economy
Armenia's gross international reserves, as of December 2022, stood at around $4.11 bln, up from $3.23bln in December 2021, according to a Central Bank report

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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