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Tag: SHRINK

Armenian GDP may shrink by 5% or even more in 2020, according to minister

Economy admin -
According to preliminary estimates, Armenia's GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday

Armenia’s gross international reserves shrink 1.7% to $1740.2 million in January 2016

Economy admin -
Armenia’s gross international reserves totaled $1740.2 million in late January 2016 after shrinking 1.7% or by $31 million over one month, according to the central bank’s report

Individual transfers to Armenia shrink 32.2% to $1 billion in Jan-Oct 2015

Economy admin -
Over $1 billion was received in Armenia in Jan-Oct 2015 through banks as individual noncommercial transfers, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin

Armenia’s gross international reserves shrink 8.4% to $1 751.2 million in August

Economy admin -
Armenia’s gross international reserves totaled $1 751.2 million in late August after shrinking 8.4% over the month, the Central Bank of Armenia reported on Tuesday

Armenia’s gross international reserves Shrink 6.2% in January to $2 113.5 million

Economy admin -
Armenia’s gross international reserves totaled $2 113.5 million in late January 2014, after shrinking 6.2% over the month, but growing 19.5% since January 2012, according to the Central Bank of Armenia

Armenia’s monetary base shrinks 1.6% over March to AMD 553.8 billion

Economy admin -
Armenia’s monetary base shrank 1.6% or by AMD 9.2 billion in March, compared with February, to more than AMD 553.8 billion, National Statistical Service reports

Armenian banks’ aggregate assets shrink 3.9% to AMD 1329.2 billion in 2nd q

Banks admin -
Armenian banks’ aggregate assets shrink 3.9% to AMD 1329.2 billion in 2nd q

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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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