Mon, 25 August
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

YEREVAN, April 25. /ARKA/.  Armenia’s international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank’s Monthly Economic Update for April 2025.

The report highlights that during March 2025, the Armenian dram maintained a relatively stable exchange rate against the U.S. dollar but saw a notable depreciation against the ruble. Specifically, by the end of March, the dram appreciated by 1.3% against the dollar while it depreciated by 24.4% against the ruble compared to the end of December 2024.

As per the Central Bank of Armenia, the gross international reserves stood at $3,922.2 million as of March 2025, marking a significant increase of 16.3% from the $3,371.5 million recorded in February.

Additionally, the National Statistical Committee reported a 0.7% decline in the exchange rate of the dram against the U.S. dollar in March 2025 compared to February 2025. The average settlement rate for the dram against the dollar for that month was AMD 392.8, reflecting a 1.9% increase from March 2024. ($1 – AMD 389.56).-0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img