Fri, 31 January
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Tag: financial markets

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

Head of Armenian central bank and Eurasian economic commission board member discuss financial markets

Economy admin -
The head of Armenia's Central Bank Artur Javadyan and Timur Zhaksilikov, a member of the Eurasian Economic Commission Board, who arrived in Yerevan to attend a meeting of the Supreme Eurasian Economic Council, appreciated the results of the meeting, expressing hope that new opportunities for cooperation and integration will be created for member countries

ADB loan to further enhance financial markets, public efficiency in Armenia

Banks admin -
The Asian Development Bank (ADB) said today it has approved a $50 million policy-based loan as part of an ongoing program of financial reforms to strengthen public debt and fiscal risk management and develop financial markets in Armenia

Armenian financial markets stable now – acting minister

Economy admin -
Armenia’s financial markets are in a stable state, Vardan Aramyan, acting finance minister, told journalists on Thursday

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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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