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Tag: Martin Galstyan

New-elected Armenian central bank head to take office in June

Banks admin -
Martin Galstyan, the newly elected head of the Central Bank of Armenia, will take office on June 13, 202, the press service of the central bank reported on Monday

Martin Galstyan elected as new chairman of Armenian central bank

Banks admin -
Martin Galstyan, a member of Armenia's Central Bank Board, was elected today by the parliament as chairman of the Central Bank. He will replace Artur Javadyan, whose tenure is ending later this year

Martin Galstyan says regulator’s mandate does not need to be expanded

Banks admin -
Martin Galstyan, a member of Armenia's Central Bank Board, nominated by the ruling My Step parliamentary faction as a candidate to replace Artur Javadyan as chairman of the regulator, was asked during a parliament session today whether he believes that the regulator must be vested with broader authority

Martin Galstyan elected new member of central bank board

Banks admin -
By a vote of 78 to 9 the Armenian parliament elected today Martin Galstyan as a new member of the Central Bank Board. Galstyan was nominated by the Republican Party of Armenia and was elected unopposed

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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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