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Tag: Forex market

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 makes interventions in forex market and intends to intervene again

Economy admin -
The Central Bank of Armenia has already intervened in the foreign exchange market in the amount of $ 60 million and will perform operations again, Chairman of the Central Bank of Armenia Martin Galstyan said Tuesday at a press conference

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

Armenian central bank purchases $8.1 million at forex market, Pashinyan comments

Exchange market admin -
The Central Bank of Armenia bought USD 8.1 million in the foreign exchange market on Monday, Armenian Prime Minister Nikol Pashinyan reported on his Facebok page “No matter how strange it may seem - today the Central Bank bought $ 8.1 million at the foreign exchange market

Economist: Armenia’s preparation for possible fluctuations at forex market is at high level, but there are also vulnerable categories of people – exclusive interview

Interviews admin -
Armenia's preparation for possible fluctuations at forex market is at a high level, but there are also vulnerable categories of people, Sevak Hovhannisyan, a member of the board of the Economy and Values center, said in an interview with ARKA News Agency

Armenian premier reports about first in central bank’s first currency purchase at forex market

Economy admin -
The Central Bank of Armenia has bought USD 5 million at the forex market, Armenian Prime Minister Nikol Pashinyan reported Thursday on his Facebook page

Armenian banks bought $79 million from local forex market last week

Banks admin -
Seventeen Armenia-based commercial banks bought about $79.3 million at the local intrabank foreign currency market from October 22 to October 27 at the weighted average exchange rate of 484.03 drams for $1, the Central Bank reported

Armenian banks bought about $80 million last week

Banks admin -
Seventeen Armenia-based commercial banks bought about $80.2 million from August 27 to August 31 at the local forex market at the weighted average rate of 482.06 drams for $1, the press service of the Central Bank reported

Armenian banks bought $67 million last week

Banks admin -
Seventeen Armenia-based commercial banks bought about $67 million from August 6 to August 10 at the local forex market at the weighted average rate of 481 drams for $1, the press service of the Central Bank reported

Armenian banks bought $84.7 million on may 2-5

Banks admin -
Armenian banks bought a total of $84.7 million in the local forex market from May 2 to May 5 at the weighted average rate of 483.41 drams for $1, the Central Bank said

No significant fluctuations expected at Armenian forex market

Economy admin -
Although the dollar will continue its upward motion and the euro will remain unchanged, no sharp exchange rate fluctuations are expected in Armenia, Gagik Makaryan, head of the Union of Armenian Employers, said on Friday

Banks bought $101.4 million from local forex market last week

Banks admin -
Armenian commercial banks purchased about $101.4 million from the local inter-bank forex market at the weighted average exchange rate of 477.63 drams for $ 1, the press service of the Central Bank said

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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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