Euro down 1.77 points to AMD 413.87

Banks

YEREVAN, 11 December. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram at the end of December 11, 2024, was AMD 394.35, down 0.52 points compared to December 10.

The euro exchange rate dropped by 1.77 points to AMD 413.87, while the Russian ruble exchange rate fell by AMD 0.13 to AMD 3.8, the Central Bank’s website reported.  -0-

spot_img

POPULAR

Banks

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.
Announces

Head of Central Bank of Armenia explained why the strengthening of the dram does not offset the rise in global commodity prices

At a press conference on Tuesday, Martin Galstyan, Chairman of the Central Bank of Armenia, commented on the impact of the strengthening of the dram on the price dynamics of imported goods.
Banks

No liquidity shortage in Armenia, question is about business readiness: Central Bank Chairman

There is no liquidity shortage in Armenia, but the question remains about whether businesses meet investor requirements, according to Central Bank Chairman Martin Galstyan.
Banks

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.
Banks

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
From idea to big Armenian furniture business: Roots Furniture
Next article
Converse Bank and IFC join forces to support the growth of SMEs in Armenia