”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

YEREVAN, June 15. /ARKA/. The May beneficiary of the ”The Power of One Dram” initiative was the ”Vahe Meliksetyan” Foundation. The accumulated 5.260.220 AMD will enable the foundation to organize a half-marathon in the city of Vanadzor, Lori region, encouraging a healthy lifestyle among residents and activating regional life.

The June beneficiary of the initiative is ‘’Teach For Armenia’’ foundation, which ensures access to quality education for all children in Armenia, regardless of their place of residence. The ‘’one drams’’, collected within the framework of cooperation with the Foundation, will be directed to the implementation of the Teacher Leadership Program. Thanks to the support, young specialists will be retrained and sent to regional schools to teach in schools of vulnerable communities and improve the quality of education. Within the framework of the cooperation, financial and digital literacy courses will be held for the beneficiaries of the program.

According to Tatevik Vardevanyan, Head of the Communication and Social Responsibility Programs Department of Idram and IDBank, providing support to educational programs has always been in the focus of the companies. “The program solves two key problems: it trains skilled specialists and provides students with the necessary knowledge. We are confident that quality education is the foundation of a strong and developed society. Similar programs play an irreplaceable role in revealing the potential of children living in the regions, as well as in the balanced development of communities,” said Tatevik Vardevanyan.

Larisa Hovannisian, Founder and CEO of ‘’Teach For Armenia’’, notes: “We highly appreciate our partnership with IDBank and Idram, as this is much more than just financial support. It is an opportunity to invest in the professional activities of teacher leaders while creating a valuable educational experience for schoolchildren.”

The “Power of One Dram” continues to support important social, community, and educational initiatives. To participate in the initiative’s good deeds, all payments must be made through the Idram&IDBank app, IDBanking.am and banking.idram.am online platforms, Idram and IDBank terminals, and for each payment, the companies will allocate one dram to important programs.

IDBANK AND IDRAM COMPANIES ARE SUPERVISED BY THE CBA

spot_img

POPULAR

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Net inflow of remittances to Armenia from abroad increased by approximately 2.1 times in 5 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.08 billion in January-May 2026, compared to $511.7 million in January-May 2025, according to a report from the Central Bank of the Republic.

EBRD to Launch AMD 5 Billion Floating-Rate Bond Offering in Armenia

The European Bank for Reconstruction and Development (EBRD) is set to launch a new AMD 5 billion floating-rate bond issuance in the Armenian capital market, reaffirming its commitment to supporting the development of local currency financing and deepening Armenia’s financial markets.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

LATEST NEWS

spot_imgspot_imgspot_img