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EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

EBRD to provide $20 million to support refugees and young entrepreneurs in Armenia

The EBRD will provide $20 million (€17.1 million) to improve access to finance for refugees and young entrepreneurs in Armenia, the EU Delegation to Armenia announced on Facebook.

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