Euro down 1.47 points to 412.25 drams

Exchange market

YEREVAN, January 31. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

The euro  fell by 1.47 points to 412.25 drams, and the Russian ruble fell by 0.0306 points to 4.0389 drams, the Central Bank website reports.

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Announces

The “Physmath Friends” Charitable Foundation is the October beneficiary of “The Power of One Dram”

Within the framework of "The Power of One Dram" initiative, AMD 4,648,503 accumulated during September was directed to organizing the "Climate Change and Women" award ceremony, which aims to highlight women's contributions to combating climate change and preserving biodiversity.
Economy

$284.4 million for housing for refugees from Artsakh and mortgage market development: Armenian parliament ratifies agreement with IBRD

The National Assembly of Armenia, at an extraordinary session on Monday, ratified loan and grant agreements totaling $284.4 million with the International Bank for Reconstruction and Development (IBRD, part of the World Bank Group).
Banks

As part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the Matenadaran

A new biodiversity park will be established in the heart of the capital, covering approximately 1.2 hectares adjacent to the Matenadaran.
Banks

A story of people, goals, and trust: Acba Bank’s 30-year journey (VIDEO)

Thirty years ago, a group of young people with a bold vision and rather limited resources launched an enterprise whose future scale was difficult to imagine.
Economy

EFSD Raises Armenia’s 2026 Economic Growth Forecast to 5.8%

The Eurasian Fund for Stabilization and Development (EFSD) has raised its GDP growth forecast for Armenia for 2026 to 5.8%, up from the previously expected 5.5%.

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