Fri, 31 January
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USD: 397.92 RUB: 4.07 EUR: 413.72 GEL: 138.41 GBP: 494.50
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Tag: DENOMINATED RUBLES

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

Eurasian development bank placed secondary bonds denominated in Russian rubles

Banks admin -
Secondary placement of ruble bonds of Eurasian Development Bank (EADB) of the registered issue of the series 03 took place today in Moscow, press-service of the Bank informed ARKA News Agency.

Arshaluys Margaryan

Economy admin -
Last answer was made by: Arshaluys Margaryan Arshaluys Margaryan Chief of the Armenian Finance Ministry’s division in charge of handling the country’s state debt

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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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