Tue, 3 February
2.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

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

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

Central Bank of Armenia maintains refinancing rate due to  balance of supply and demand – Galstyan

The Central Bank of Armenia's Board has opted to keep the refinancing rate steady, primarily because of the balance between supply and demand,  stated  the head of the bank, Martin Galstyan.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

LATEST NEWS

spot_imgspot_imgspot_img