Thu, 30 January
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USD: 398.27 RUB: 4.05 EUR: 414.32 GEL: 138.29 GBP: 494.49
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Tag: CURRENCY MARKET

Euro jumps by 3.25 drams to 418.48 drams

Announces engeditor -
The average market exchange rate of the U.S. dollar to the Armenian dram on January 24, 2024, amounted to 398.97 drams, having risen by 0.09 points compared to January 23.

What awaits Armenian dram in 2023 due to influx of Russians: experts’ forecasts

Economy admin -
The overwhelming majority of Russian citizens who emigrated in 2022 amid the Russian-Ukrainian conflict and partial mobilization chose Armenia, Georgia and Kazakhstan

Armenia’s Central Bank announces intervention in forex market to ensure steady functioning of financial markets

Economy admin -
Armenia's Central Bank said today it is going to intervene in the foreign exchange market to ensure the steady functioning of the country's financial markets

Armenian central bank buys $25 million at forex market

Economy admin -
Armenian Prime Minister Nikol Pashinyan reported yesterday night on his Facebook page that the Central Bank of Armenia has bought USD 25 million in the foreign exchange market over the past two days

Armenia to abolish forex dealers’ license

Economy admin -
Armenia's National Assembly has approved today in the first reading a package of bills to amend the Law on Licensing, as well as several related laws

Pashinyan: central bank has bought $521.8 million this year

Economy admin -
Armenian Prime Minister Nikol Pashinyan said today that the country's Central Bank has bought this year $521.8 million

Armenia’s central bank has bought USD 398 million at forex market this year

Economy admin -
The Central Bank of Armenia has bought USD 398 million at the foreign exchange market this year, as of September 15, Armenian Prime Minister Nikol Pashinyan reported Thursday on his Facebook page

Armenian dram among strongest national currencies in former Soviet Union’s space

Economy admin -
The Armenian dram is among the four strongest national currencies of former Soviet republics that rose against the US dollar over a period between July 18 and 25, vestifinance.ru reports referring to Alpari Research and Analysis Center. The other six currencies shed against the dollar

Armenia’s central bank has acquired $140 million since April 2019

Economy admin -
Since April 2019, Armenia’s Central Bank has acquired $140 million in the local foreign exchange market, Central Bank head Arthur Javadyan said in the parliament today. He said this year the regulator’s intervention was in one direction- not to allow the national currency dram to get stronger too much, which would have negative consequences for exporters

Central Bank denies media allegations that it uses ‘repressive’ measures to stabilize the exchange rate of the dram

Banks admin -
Armenia’s Central Bank denied today media allegations claiming that it uses ‘repressive’ measures to stabilize the exchange rate of the national currency

Around $89.6 million bought by Armenian banks last week

Banks admin -
Armenia’s commercial banks bought around $86.8 million from the local foreign currency market on October 29 to November 3 at the average weighted exchange rate of 487.18 drams per one USD

Germany’s ambassador describes Armenian currency as stable

Economy admin -
Germany’s Ambassador to Armenia Mathias Kiesler praised today Armenia’s national currency, the dram, describing it as a stable currency, when speaking at an event marking the World Savings Day

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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.

Euro exchange rate plunges by 4.12 points to AMD 414.32

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The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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