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Daily Archives: Feb 3, 2026

Central Bank of Armenia advocates for maximum rigor in identifying crypto company clients.

The chairman of the Central Bank of Armenia, Martin Galstyan, asserts that the process of identifying clients of cryptocurrency companies in the country should be as stringent as possible.

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Euro, dollar, and ruble drop against Armenian dram

As of February 3, 2026, the average exchange rate of the US dollar against the Armenian dram in the Armenian foreign exchange market has risen by 0.59 points from February 2, now standing at 378.44 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.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

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.

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.