US dollar down 1.72 points to AMD 401.31

YEREVAN, 6 December. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on 6 December 2024 was AMD 401.31, down by 1.72 points compared to 5 December.

The euro exchange rate increased by 0.52 points to AMD 424.71, while the ruble exchange rate increased by AMD 0.11 points to AMD 4.03, the Central Bank’s website reports.  -0-

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Head of Central Bank named two main risks for financial stability

There are two main risks for the financial stability of Armenia: one is associated with external factors, the other with internal processes, said the Chairman of the Central Bank Martin Galstyan, presenting the financial stability report for 2025.

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

About 10% of Armenia’s dram-denominated government debt is held by international institutional players: Central Bank Governor

Institutional players are entering the dram-denominated government debt market in Armenia, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Learn while playing: Idram, IDBank, and Novosti-Armenia launch a series of financial literacy games

From now on, a special quiz for children will be published monthly as part of the new "Games" section on the Newsarmenia.am website.

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