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Tag: Nerses Yeritsyan

Yeritsyan: Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work

Banks admin -
The Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Friday at Fitch Ratings annual conference in Yerevan

Nerses Yeritsyan reappointed as deputy chairman of Armenian central bank

Banks admin -
Serzh Sargsyan, Armenian president, signed a decree on Wednesday extending the term of Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, in office for other six years

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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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