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Tag: US

Iran leader urges deeper Muslim monetary links to fight US ‘hegemony’

Economy admin -
Iranian President Hassan Rouhani last Thursday urged Muslim nations to deepen financial and trade cooperation to fight what he described as US economic hegemony

US dollar drops to 485.01 drams

Economy admin -
YEREVAN, April 11 / ARKA /. The average market exchange rate of US dollar has dropped today by 0.82...

US Treasury’s decision to blacklist Areximbank-Gazpormbank group not to affect its operation

Banks admin -
The US Treasury’s decision to blacklist Areximbank-Gazpormbank Group, the Armenian subsidiary of one of the largest Russian banks - Gazprombank - will not affect its operation, the Yerevan-based bank said today in a statement

US dollar drops by 0.14 points over Armenian dram

Exchange market admin -
The average market value of US dollar has dropped today by 0.14 points over the Armenian national currency to 481.70 drams, the Central Bank said

US dollar gains another 1.03 points over Armenian dram

Exchange market admin -
The average market value of US dollar against Armenian dram has grown today by 1.03 points from November 10 to 482.65 drams, the Central bank said

US dollar loses 0.36 percentage points against dram

Exchange market admin -
The US dollar lost today 0.36 percentage points against Armenia's national currency from October 5 trading at the local forex market at 473.45 drams, the Central Bank said. The euro traded at 530.83 drams

US dollar drops 0.53 percentage points over Armenian dram

Exchange market admin -
The cost of US Dollar against Armenian dram has decreased today by 0.53 percentage points from September 10 to 485.08 drams, the Central Bank reported

Regulators to rein in reliance on bank rating agencies

Banks admin -
Banks’ reliance on credit rating agencies is to be limited under moves by regulators to make lending more secure, Citywire.co.uk reports referring to the Financial Times

Negative from the U.S. And Europe again crumbled the world markets

Capital market admin -
World stock markets having restored their positions to some extent by mid-week and on Thursday returned to precipitous fall against the backdrop of negative information from the U.S. and the unstable economic situation in Europe.

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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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