International investors own 7-8% of Armenia’s dram-denominated government debt – Central Bank

YEREVAN, June 24. /ARКА/. Global institutional investors own approximately 7-8% of Armenia’s dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.

“On the one hand, this means that we have achieved a certain level of attention from the international community, but on the other, it dictates certain rules of the game for us,” he said on Public Television.

According to Galstyan, macroeconomic stability remains one of Armenia’s key advantages, while the presence of international investors requires the country to maintain responsible macroeconomic policies.

Regarding opposition claims about the high level of government debt and potential difficulties servicing it, the Central Bank Governor noted that Armenia’s public debt is less than 50% of GDP.

According to Galstyan, the Ministry of Finance and the government are taking steps to reduce the budget deficit and lower the debt burden. “This will be an additional signal to investors that we are a very stable and predictable country from a fiscal perspective. I believe this is the right policy,” he concluded.

According to the Ministry of Finance, Armenia’s total public debt as of March 31, 2026, amounted to $14.77 billion, compared to $13.91 billion as of December 31, 2025. Within this public debt, government debt amounted to $14.68 billion, while community debt amounted to $8.18 million. The Central Bank of Armenia’s external debt as of the end of March 2026 amounted to $482.4 million.

As Armenian Finance Minister Vahe Hovhannisyan stated on June 16, the country plans to reduce public debt to below 45% of GDP in the coming years.

spot_img

POPULAR

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

LATEST NEWS

spot_imgspot_imgspot_img