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  • Archive for January 30th, 2017

    Armenia needs to have a few large banks – ex-chairman of central bank says

    Monday, January 30th, 2017

    Armenia needs a few commercial banks with large capital, Bagrat Asatryan, the former chairman of the Central Bank said today. Speaking at a news conference he said the overall number of non-performing loans surged last year, as a result

    Gold buying price up 1.6% in Armenia

    Monday, January 30th, 2017

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, set new prices for government agencies to buy and sell precious stones and metals which were effective from January 23 to January 29, 2017

    Emergence of new banknotes does not signal imminent devaluation – ex-chairman of Armenian central bank says

    Monday, January 30th, 2017

    Ex-chairman of Armenian Central Bank Bagrat Asatryan has downplayed today fears that the emergence of many new banknotes in circulation may be the indication of an imminent devaluation of the national currency, telling a news conference there are no reasons of concern

    Around $101.3 million bought by Armenian banks last week

    Monday, January 30th, 2017

    Armenia’s commercial banks bought around $101.3 million from the local foreign currency market on January 23 to 27 at the average weighted exchange rate of 485.74 drams per one USD, the Central Bank of Armenia reported on Monday