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Daily Archives: Dec 10, 2024

Central Bank of Armenia refrains from forecasting the exchange rate of dram for 2025

The Chairman of the Central Bank of Armenia Martin Galstyan declined today forecasts on the exchange rate of the national currency , the dram, against the US dollar for the next year and did not comment on the impact of the recent fluctuations of the Russian ruble.   

Euro exchange rate plummets by 3.10 points to AMD 415.64

The average market exchange rate of the US dollar to the Armenian dram (AMD) at the end of 10 December 2024 was AMD 394.87, down 0.91 points compared to 9 December.

Armenia’s banking system profitable with large profit in 2024 – Galstyan

The banking system of Armenia has been quite profitable, generating a substantial profit both in previous years and this year, said the Chairman of the Central Bank of Armenia, Martin Galstyan, in response to a question from the ARKA news agency.

Yerevan public transport price could raise inflation by 0.5% – Central Bank Head

The Chairman of the Central Bank of Armenia, Martin Galstyan, assessed the impact of the increase in public transport ticket prices in Yerevan on inflation.

Armenian central bank cuts refinancing rate to 7.00% for eighth time this year

At its meeting on December 10, the Board of the Central Bank of Armenia has lowered the refinancing rate by 0.25 percentage points to 7.00%.