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Tag: DOLLARS

Dollarization level in Armenia still very high- Central Bank report

The share of loans provided in foreign currency decreased by 2 percentage points by the end of 2013 December to 63.7% in the total amount of lending, while the share of deposits in foreign currency increased by 0.7 percentage points to 71%, according to a Central Bank of Armenia report on the financial stability of the country in 2013

Wall Street stocks rise as dollar, euro drop against yen: Reuters

The dollar and euro fell sharply against the yen on Tuesday as hopes for additional stimulus out of Japan faded, while bargain-hunting on Wall Street lifted stock prices after three days of losses

Market value of USD against Armenia’s currency grows by 0.01 percentage points to 415.23 drams

The market value of a USD against Armenia’s national currency has grown today by 0.01 percentage points from April 7 to 415.23 drams, the Central Bank said

Over $105.5 million remitted to Armenia through banks in February

Over $105.5 million were remitted to Armenia by individuals through banks in February for non-commercial purposes, the Central Bank reported today saying the figure represented a 2% rise compared with February 2013

Average market exchange rate of U.S. dollar against Armenian dram rose by 0.41 percentage point to 413.31 drams

The average market exchange rate of U.S. dollar against the Armenian dram rose by 0.41 percentage point today from March 28 to 413.31 drams, the Central Bank said

Armenia’s gross international reserves rose by 25.1% to $2,251.6mln

Armenia’s gross international reserves hiked by 25.1% to $2,251.6 million as of the end of 2013, the Central Bank of Armenia reported today

Average market exchange rate of U.S. dollar against dram falls by 0.90 percentage points to 413.38 drams – Central Bank

The average market exchange rate of U.S. dollar against the Armenian dram fell by 0.90 percentage points today from March 24 to 413.38 drams, the Central Bank said

Armenian banks buy $75 million at inter-bank forex market last week

Armenian banks bought a total of $75 million at the inter-bank forex market in a time span from March 10 to 14 at the average weighted exchange rate of 414.14 drams for one USD, the press service of the Central Bank said

Christy Walton reclaims her spot as richest woman with $36.7 billion fortune

Out of 1,645 billionaires on the Forbes list of the World Billionaires a record 172 are women – up from 138 last year, The Wall Street Journal reported

Ardshininvestbank attracts US$18 million syndicated term loan facility

Citi (the “Co-ordinator”, “Bookrunner” and “Initial Mandated Lead Arranger”) has successfully closed and signed a US$18 million syndicated term loan facility for Ardshininvestbank CJSC in Armenia

Armenia’s total state debt grows by $2.3 million to $4 590.7 in January

Armenia’s total state debt reached $4 590.7 million in late January 2014 after it grew by $2.3 million over the month, the National Statistical Service of Armenia reports

Chinese yuan may supersede dollar as top reserve currency

The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors, RBC reports citing the U.S. CNBC TV channel