YEREVAN, June 16. /ARKA/. Armenia is experiencing a significant influx of capital and growing interest from international investors, said Martin Galstyan, Chairman of the Central Bank of Armenia.
“Due to its economic attractiveness, Armenia today occupies a fairly strong position, and many international investors are interested in investing – both in government bonds denominated in drams and in various business projects,” Galstyan said in parliament during a discussion of the annual report on the execution of the 2025 state budget.
According to him, the influx of capital has a significant impact on the foreign exchange market.
“Armenia adheres to a freely floating exchange rate regime, and its dynamics depend on financial flows. If exports decline significantly and imports remain at the current level and are not compensated by capital inflows, certain fluctuations may occur,” the head of the Central Bank noted.
Galstyan added that there are different scenarios for the development of the situation, but at present it is difficult to accurately predict the further dynamics of the exchange rate.
“The central bank maintains a policy of non-intervention in the market, following a free-floating currency regime,” he said.
Earlier, the Central Bank of Armenia stated that the country’s risk premium is at a historically low level, which is due to macroeconomic stability and growing investor confidence in Armenian assets.
The regulator also noted that institutional investors are showing interest in Armenian government bonds denominated in drams. According to the Central Bank, the volume of investments by foreign investors in Armenian government bonds denominated in drams increased from 3.6 billion drams in 2018 to 177 billion drams in 2025. ($1 – 368.06 dram).
