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  • Archive for December 9th, 2014

    Central Bank expects an end to sharp fluctuations in the exchange rate of dram

    Tuesday, December 9th, 2014

    The Central Bank of Armenia expects an end to sharp fluctuations in the exchange rate of the national currency, the dram, in the near future due to a set of measures

    Banking system sufficiently capitalized to withstand more severe scenarios of possible currency upheavals - Central Bank chairman

    Tuesday, December 9th, 2014

    Armenia’s banking system is sufficiently capitalized and able to withstand more severe scenarios of possible currency upheavals, Central Bank chairman Artur Javadyan said on Tuesday

    Armenia's regulator sells $6 million today at forex market at 458.31 drams per one dollar

    Tuesday, December 9th, 2014

    The Central Bank of Armenia sold $6 million today at forex market at 458.31 drams per one dollar, on average, the regulator’s press office reports

    Adjustment of dram’s exchange rate to cause additional inflationary pressure of 1.5%-2% - Central Bank chairman

    Tuesday, December 9th, 2014

    The adjustment of the exchange rate of the national currency, the dram, will increase inflationary pressure by 1.5%-2% in the current quarter, Central Bank chairman Artur Javadyan said today

    Devaluation of Armenian dram to increase credit burden and dollarization in population's deposits

    Tuesday, December 9th, 2014

    Devaluation of the Armenian national currency took recently will increase credit burden and dollarization in the population’s deposits in banks

    EIB to provide Armenia with $50 million euro loan to finance small and medium-sized businesses

    Tuesday, December 9th, 2014

    The European Investment Bank (EIB) will provide Armenia with a $50 million euro loan to finance small and medium-sized businesses

    German KfW Bank to provide Armenia with $85.2 million euro loan for first phase of Caucasus Power Lines I project

    Tuesday, December 9th, 2014

    The German KfW bank will provide Armenia with $85.2 million euro loan for the first phase of the Caucasus Power Lines I project, the Armenian ministry of finance said today

    S&P 500 recorded its biggest drop in nearly 7 weeks - Marketwatch

    Tuesday, December 9th, 2014

    U.S. stocks suffered their biggest one-day slide in nearly seven weeks on Monday as a withering selloff among energy companies, which closely tracked oil’s continued price slide, dragged down key benchmark indexes