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Tag: SHORT-TERM GOVERNMENT BONDS

Net inflow of remittances to Armenia from abroad decreased by more than 1.7 times in 2 months of 2025

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $87.5 million in January-February 2025, compared to $153.9 million in January-February 2024, according to the report from the Central Bank of Armenia.

Central Bank of Armenia tries to balance risks and opportunities of crypto-assets

Regarding crypto-assets, the Central Bank of Armenia is trying to balance the opportunities and risks for the economy, Levon Sahakyan, a member of the Central Bank Board, said at the III Capital Markets Armenia conference organized by Cbonds.

Central Bank of Armenia left refinancing rate unchanged at 6.75%

At its meeting on March 18, the Board of the Central Bank of Armenia kept the refinancing rate unchanged at 6.75%.

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

UBA chairman explains why loan interest rates haven’t dropped despite refinancing rate cuts

Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.

Central Bank of Armenia warns of a new type of fraud with CMTPL insurance

The Central Bank of Armenia warns motorists against a new type of fraud, saying in a statement that after looking into a set of reports and notifications of citizens, it has been found that recently there has been an increase in cases when unknown persons present themselves as employees of insurance companies and offer to conclude compulsory motor third-party liability insurance  (CMTPL) contracts remotely.

Central Bank of Armenia lowers refinancing rate to 6.75%

At its meeting on February 4, the Board of the Central Bank of Armenia reduced the refinancing rate by 0.25 percentage points, setting it at 6.75%.

Euro jumps by 3.25 drams to 418.48 drams

The average market exchange rate of the U.S. dollar to the Armenian dram on January 24, 2024, amounted to 398.97 drams, having risen by 0.09 points compared to January 23.

Standard & Poor’s to assign Armenia first sovereign rating in autumn

The Standard & Poor’s credit rating agency will publish the first sovereign ratings of Armenia from September 25 to October 10, 2021, the Central Bank of Armenia told ARKA news agency

Armenian central bank head points out two aspects that should have positive effect on foreign exchange rate

Chairman of the Central Bank of Armenia Martin Galstyan, speaking Tuesday at a news conefernce, pointed out two aspects that should have a positive effect on the exchange rate

Armenian central bank makes interventions in forex market and intends to intervene again

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 says 2020 GDP drop will amount to 6.2 percent

Armenia's Central Bank has revised its GDP decline forecast for 2020 to 6.2% , Central Bank Chairman Martin Galstyan told reporters on Tuesday