Fri, 31 January
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Tag: EURO

Euro exchange rate reaches 600 drams

Economy admin -
The Euro was trading in Armenia today at 600.58 drams, the highest exchange rate since 2005, the Central Bank said. The Euro exchange rate has been growing steadily since January 24th

Euro in Armenia sheds below 500 drams coming close to US dollar

Exchange market admin -
The euro went 0.24 percentage points down against the Armenian national currency on Wednesday, compared with Tuesday, and traded at 499.81 drams, on average, at Armenia’s forex market

Three-week bank shutdown in Greek costs the country’s economy 3.0 billion euros

Banks admin -
The three-week bank shutdown in Greek has cost the country's struggling economy 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, the Kathimerini daily said Saturday citing commerce groups

Europe stocks drop as Greek ‘No’ lifts bunds; China stocks climb – Bloomberg

Capital market admin -
European stocks dropped and the euro weakened as Greek voters’ rejection of austerity sent investors to the relative safety of Treasuries, German bunds and the yen, Bloomberg reports

KFW to lend 205 mln euros and to grant 4.8 mln euros to Armenia for a number of programs

Banks admin -
German KfW will provide a 205 million euros soft loan and a grant worth about 4.8 million euros to Armenia for a number of programs

Law-enforcement authorities detain two men suspected of selling fake euros

Exchange market admin -
Armenia’s law-enforcement authorities have detained two men suspected of selling a large batch of fake euros as part of a criminal case, being handled by the Investigative Committee’s branch in the town of Ararat, the administrative center of the same name province

EIB plans to invest about 212 million euros in Armenia

Banks admin -
The European Investment Bank (EIB) is planning to invest about 212 million euros in Armenia for various programs, Vice-President of the bank Wilhelm Morterer told reporters on Monday

ECB to provide 59.5 Billion Euros Emergency Cash to Greek banks

Economy admin -
The European Central Bank will allow the Greek central bank to provide as much as 59.5 billion euros ($68 billion)

No dollar and euro traded on NASDAQ OMQ Armenia on January 29, 2015

Capital market admin -
No dollars and euros were traded on NASDAQ OMX Armenia stock exchange on Thursday January 29

Euro loses 21 points against Armenian dram after ECB announcement

Exchange market admin -
European Union’s single currency has lost 21 points against Armenian national currency, the dram, today and was trading at 529.14 drams, the Central Bank said

Euro crosses ceiling of 700 drams in Yerevan as dollar hits 560-dram record high

Exchange market admin -
The euro crossed the record high of 700 drams at Yerevan's foreign exchange market today – the European currency is being sold at 680-720 drams and bough at 650-680 drams here

Armenia’s currency plunges deeper today

Exchange market admin -
Armenia’s national currency, the dram, has plunged deeper today to 471.78 drams per one US dollar, the Central Bank reported

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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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