Armenia’s 12-month inflation at 8.1% in February

YEREVAN, March 3. /ARKA/. Armenia’s 12-month consumer price index in February 2023 amounted to 8.1%, the National Statistical Committee (NSC) reported. It said compared to January 2023 prices rose in February by 0.1% 

Armenian government’s growth projection for 2023 is 7%, while inflation is set at 4% (±1.5%). Armenia’s economic activity was up 10.5% in January 2023 from January 2022. The Central Bank expects inflation to stabilize around the target 4% in the second half of 2023. -0-

spot_img

POPULAR

“Golden Crown” has restricted money transfers from Russia to Armenia and several other countries

The "Golden Crown" payment system has restricted money transfers from Russia to Armenia, Georgia, Kazakhstan, and several other countries following the imposition of new EU sanctions, Russian media report.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

Armenian banks’ capital amounted to nearly 2.23 trillion drams at the end of June, representing a 13.63% increase year-on-year

The total capital of Armenian banks as of June 30, 2026, amounted to 2 trillion 226.85 billion drams, an increase of 13.63% compared to June 30, 2025, and a decrease of 3.13% compared to March 31, 2026.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 20–26)

Armenia's financial agenda last week was determined by the banking sector's first-half results, changes in the money transfer sector, and exchange rate dynamics.

LATEST NEWS

spot_imgspot_imgspot_img