Wed, 14 January
-0.9 C
Yerevan
USD: 380.83 RUB: 4.83 EUR: 444.28 GEL: 141.25 GBP: 512.94

Central Bank of Armenia purchased $750 million in  forex market from February to June to smooth exchange rate fluctuations, according to a World Bank report

YEREVAN, September 30. /ARКА/. From February to June, the Central Bank of Armenia intervened in the foreign exchange market and purchased approximately $750 million to smooth exchange rate fluctuations. This is according to the World Bank’s “Armenia Monthly Economic Update – September 2025.”

“In August, the dram appreciated by 0.3% (MoM) and 1.3% (YoY) against the US dollar. It remained stable against the Russian ruble (MoM), but weakened by 1.7% against the euro. Since the beginning of 2025, the dram has appreciated by 3.7% against the US dollar,” the report notes.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

LATEST NEWS

spot_imgspot_imgspot_img