Inflation in Armenia will not approach 4% in the first quarter – head of Central Bank

YEREVAN, March 12. /ARKA/. Inflation in Armenia will be far from the projected target in the first quarter of 2024, Central Bank Chairman Martin Galstyan said.

“Calculations show that we are still far from getting close to the 4% target,” he said at a press conference on Tuesday.

The government’s inflation forecast for 2024 is 4% (±1.5%). According to the National Statistics Committee, the consumer price index fell by 1.7% year-on-year in February this year and by 0.7% against January 2024. -0-

spot_img

POPULAR

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 15, 2026, decreased by 0.71 points compared to April 14, to 374.48 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 6-12)

Last week, the Armenian financial market focused on, among other things, statements by the Central Bank's management on macroeconomic risks, assessments of the possible inflationary impact of external shocks, discussions of stablecoins, and the development of regional payment infrastructure.

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

Unibank Launches Referral Campaign “Invite Friends and Get Bonuses”

Unibank announces the launch of the “Invite Friends and Get Bonuses” campaign, designed for cardholders within the salary program.

LATEST NEWS

spot_imgspot_imgspot_img