Thu, 30 October
8.1 C
Yerevan
USD: 382.62 RUB: 4.79 EUR: 445.68 GEL: 140.96 GBP: 505.75

Average settlement rate of dram to dollar in July was 1% lower than a year ago

YEREVAN, August 6. /ARKA/. In July 2025, the average settlement rate of the Armenian dram to the US dollar was 384.1 drams, which is 1% lower than in June 2024 (388.1 drams), the National Statistical Committee reported.

In July 2025, compared to June of the same year, a decrease in consumer prices by 0.8% was recorded in the republic, and the settlement rate of the Armenian dram against the US dollar remained unchanged during this period.

In July of this year, compared to December last year, an increase in consumer prices by 0.6% was accompanied by a decrease in the settlement rate of the Armenian dram against the US dollar by 3.1%.

In the same period last year, the level of consumer prices and the exchange rate of the Armenian dram against the US dollar decreased by 1.3% and 4.1%, respectively.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img