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  • Archive for November, 2014

    Central Bank auctions 0.5 billion drams worth short-term government bonds in Armenia

    Tuesday, November 25th, 2014

    Armenia’s Central Bank said it auctioned on Monday 500 million drams worth short-term government bonds of AMGT1324B142 issue with a maturity of 13 weeks

    Dollar versus Armenian dram rate will hardly hit 500 drams’ level - economist

    Tuesday, November 25th, 2014

    The dollar versus Armenian dram exchange rate will hardly reach 500 drams’ level, head of Alternative research institute, economist Tatul Manaseryan said in his exclusive interview to ARKA Agency

    Armenia’s Central Bank raised lombard repo rate by 2 p.p. to 10.25%

    Tuesday, November 25th, 2014

    The council of the Central Bank of Armenia (CBA) set on Monday a Lombard repo rate of 10.25% at its meeting presided over by chairman Artur Javadyan.
    The respective rate was 8.25% in August (12/08/2014)

    Central Bank responds to sharp depreciation of national currency

    Monday, November 24th, 2014

    In response to a sharp depreciation of the national currency, the dram, against the USD and euro Armenia’s Central Bank said in a statement today that the exchange rate ‘is in the stabilization zone

    Armenia’s national currency loses 16.5 percentage points of its value

    Monday, November 24th, 2014

    Armenia’s national currency, the dram, has lost today 16.5 percentage points of its value against the USD as the greenback’s value has hit today the record high 435 drams this year, the Central Bank reported

    Sharp depreciation of dram blamed on slow economic recovery

    Monday, November 24th, 2014

    The sharp depreciation of Armenia’s national currency, the dram, against USD and euro should be blamed on the slow pace of economic growth and a number of external factors, according to an ex governor of the Central Bank Bagrat Asatryan

    Anelik Bank offers new deposit service to its individual clients

    Monday, November 24th, 2014

    Anelik Bank has offered a new deposit service, DISCOUNT, to individuals, as part of its service package expansion policy, the bank’s press office reported

    Banks’ cards used outside country to make 7.4 billion drams worth transactions in, 16.6% down from August

    Saturday, November 22nd, 2014

    All plastic cards issued by Armenian commercial banks were used outside the country to make 7.4 billion drams worth transactions in 2014 September, 16.6% down from the previous month, according to Central Bank’s September bulletin

    Kilikia’s credit investments surge by 12.6 percent in 10 months to 1.34 billion drams

    Saturday, November 22nd, 2014

    Exclusive interview with Hayrapet Stambolyan, deputy director of Kilikia universal credit organization ARKA – Mr. Stambolyan, Kilikia universal credit organization has been operating at the local market since September 2010. How much has it invested over these four years? H. Stambolyan – As of October 31, 2014 our investments stood at 1.34 billion drams, a […]

    Armenia’s gross international reserves drop to $1,663.3mln in Q3

    Friday, November 21st, 2014

    Armenia’s gross international reserves fell by 6.7% to $1,663.3 million as of the end of the third quarter 2014, the Central Bank of Armenia reported today