Armenia records an influx of capital and growing interest from international investors – Central Bank head

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).

spot_img

POPULAR

Central Bank of Armenia should be prepared to adjust interest rates if necessary – IMF

The ongoing economic uncertainty underscores Armenian authorities' need for continuing efforts to build resilience and improve prospects for future growth, the International Monetary Fund (IMF) said in a press release.

Idram and IDBank continue their traditional series of financial and digital literacy training programs

Idram and IDBank continue their traditional series of financial and digital literacy training programs.

Armenian authorities plan to reduce public debt to below 45% of GDP in the coming years: minister

Armenia plans to reduce public debt to below 45% of GDP in the coming years, Finance Minister Vahe Hovhannisyan announced in parliament.

IMF committed to close and long-term cooperation with Armenian authorities – Managing Director

The IMF is committed to close and long-term cooperation with the Armenian authorities, stated IMF Managing Director Kristalina Georgieva in a congratulatory message to Armenian Prime Minister Nikol Pashinyan on his victory in the parliamentary elections.

Pashinyan: Income tax refund program for mortgages will not be extended in regions adjacent to Yerevan from 2027

The Armenian government does not intend to extend the income tax refund program for mortgage interest repayments in the regions adjacent to Yerevan, RA Prime Minister Nikol Pashinyan announced.

LATEST NEWS

spot_imgspot_imgspot_img