Euro and dollar exchange rates against Armenian dram continue to decline, while ruble rises again

Exchange market

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

20.05.2026 09:29

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 19, 2026, rose by 0.17 points compared to May 18, to 368.21 drams.

Banks

Armenia’s relevant committee approved an increase in the dividend tax for bank shareholders to 15%

20.05.2026 18:22

At its meeting on Tuesday, the Armenian National Assembly's Committee on Economic Affairs approved draft amendments to the RA Tax Code and the Law "On State Duty," which provide for changes in taxation of the banking sector.

Banks

Unibank to Raise AMD 3.9 Billion Through a New Share Issue

20.05.2026 18:24

Unibank has announced a new issue of common shares totaling AMD 3.9 billion. By September 9, 2026, the bank plans to place 10 million shares.

Capital market

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 11–17)

18.05.2026 10:12

Last week's agenda included issues of credit institution sustainability, public debt structure, capital market development, and digital financial services. Special attention was paid to SME access to bank financing, Open Banking, and insurance technologies.

Economy

Yerevan’s budget revenues for the first four months amounted to 31.6 billion drams, with a 111.2% performance rate

18.05.2026 12:06

From January to April 2026, the Yerevan budget actually received 31.6 billion drams of its planned 28.5 billion drams in revenues, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.