Euro jumps 3.4 points to AMD 413.36

Exchange market

YEREVAN, February 5. /ARKA/. The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

The euro rate jumped by 3.4 points to AMD 413.36, while the Russian ruble increased by 0.0425 points to AMD 4.0404, the Central Bank’s website reports. -0-

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Economy

Armenia’s 2027 state budget envisages a reserve fund of 0.3-0.6% of GDP — Galstyan

Armenia's draft state budget for 2027 envisages the formation of a reserve fund of 0.3-0.6% of GDP, announced Martin Galstyan, Chairman of the Central Bank of Armenia.
Announces

Russian restrictions on the export of cash rubles will not significantly impact labor migrants and relocators —  Armenian Central Bank Governor

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Exchange market

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

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Announces

Central Bank of Armenia has tightened liquidity requirements for banks, taking into account the risk of large outflows of funds – Galstyan

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Banks

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.

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