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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Capital market

AMX held government bond placement and exchange auctions totaling approximately 38 billion drams

Yesterday, the Armenia Securities Exchange held a government bond placement auction totaling 35 billion drams and exchange auctions totaling over 2.9 billion drams.
Economy

Armenia’s public debt in the first half of the year amounted to 5.1 trillion drams, down 3.5% – Finance Ministry

Armenia's public debt as of June 30, 2026, amounted to 5.12 trillion drams, compared to 5.30 trillion drams as of December 31, 2025, announced RA Finance Minister Vahe Hovhannisyan.
Banks

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).
Banks

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.
Announces

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

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