Wed, 22 October
10.1 C
Yerevan
USD: 382.53 RUB: 4.71 EUR: 444.42 GEL: 141.18 GBP: 511.94

Armenian dram strengthened against dollar by 3% since the beginning of 2025 – WB review

YEREVAN, July 28. /ARKA/. Since the beginning of 2025, the Armenian dram has strengthened against the US dollar by 3%, according to the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.

“At the same time, during June, the dram slightly devalued against the US currency, while remaining stronger than in June 2024. On a monthly basis, the dram weakened by 0.1% against the US dollar and by 3.7% m/m against the euro,” the WB study says.

The Central Bank of Armenia’s settlement rates as of January 3, 2025 were – $1 – 396.9 drams, €1 – 408.17 drams, and as of June 30, respectively: $1 – 384.47 drams, €1 – 450.83 drams.

spot_img

POPULAR

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

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img