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Tag: allegation

Central bank comments on allegation about imminent default in Armenia

Banks admin -
Arthur Stepanyan, a member of the board of the Central bank of Armenia, in response to the media outlets that have disseminated the allegation that the Armenian national currency will plunge 20% and the country will face default in January

Central bank calls allegation about default expected in Armenia as certain media sources’ mere fiction

Economy admin -
The Central Bank denies certain media sources’ allegations that Armenia’s national currency will drop soon and that the country will face default

VTB bank (Armenia) denies allegations it collects intelligence for Azerbaijan

Banks admin -
The Yerevan-based VTB Bank (Armenia) described reports in some news media outlets alleging that it was collecting intelligence for Azerbaijan as 'a lie,' that denigrates the reputation of the bank and misleads Armenian residents

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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