Since its relaunch in 2024, 41 transactions worth over 5.7 billion drams completed on AMX currency platform

YEREVAN, March 21. /ARKA/. Since its relaunch in 2024, 41 transactions worth over 5.7 billion drams have been completed on the forex platform of the Armenia Stock Exchange (AMX), according to the annual report of the Armenia Stock Exchange.

On May 2, 2024, the Armenia Stock Exchange relaunched the forex

platform, where the last transaction had been carried out back in 2016.

On June 13, for the first time after a nearly 10-year break, a currency  conversion worth $1.1 million was made on the platform.

The platform makes the value of the dram against foreign currencies more visible and market-based. Transactions on the platform are carried out exclusively by preliminary deposit and anonymously, which ensures currency risk management. -0-

spot_img

POPULAR

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

LATEST NEWS

spot_imgspot_imgspot_img