In April, the estimated exchange rate of Armenian dram to US dollar decreased by 2.4%

YEREVAN, May 6. /ARKA/. In April 2024 compared to March of the same year, Armenia recorded consumer price inflation of 0.6% and a 2.4% decrease in the estimated exchange rate of the Armenian dram against the US dollar, according to  the National Statistical Committee of Armenia.

In April of the current year compared to December of the last year, 0.8% increase in consumer prices and 3.3% decrease in the exchange rate of the Armenian dram against the U.S. dollar were recorded.

In the same period of the last year there was a 0.9% increase in consumer prices and a 1.7% decrease in the exchange rate of the Armenian dram against the U.S. dollar.

In April 2024, the average exchange rate of the Armenian dram against the US dollar amounted to AMD 391, which is 0.8% higher than in April 2023 (AMD 387.7). -0-

spot_img

POPULAR

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

Acba Bank and “Armenian Programs” have simplified banking operations for businesses

As part of the collaboration between Acba Bank and Armenian Programs, banking operations and accounting have been combined into a single, integrated system.

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

LATEST NEWS

spot_imgspot_imgspot_img