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  • Archive for March, 2017

    Two foreign exchange transactions totaling $700,000 effected at NASDAQ OMX Armenia

    Friday, March 31st, 2017

    Two foreign exchange transactions with dollars totaling $700,000 (AMD 338.8 million) were effected Thursday at NASDAQ OMX Armenia, the press office of the stock exchange reports

    Armenian central bank issues 4 types of gold commemorative coins

    Thursday, March 30th, 2017

    Armenian Central Bank has released 4 types of gold commemorative coins “Noyan Tapan” (Noah’s Ark)

    Unibank offers unsecured loans on profitable terms

    Thursday, March 30th, 2017

    The Yerevan-based Unibank has announced today a new type of unsecured loans on favorable terms, designed to increase the level of availability of credit funds to a larger number of entrepreneurs

    VTB Bank (Armenia) offers up-to-date and safe Internet shopping service to its Mastercard holders

    Wednesday, March 29th, 2017

    VTB Bank (Armenia) has launched an up-to-date and safe Internet shopping service for its Mastercard holders, the press office of the bank reports

    Armenian central bank keeps refinancing rate unchanged at 6 percent

    Tuesday, March 28th, 2017

    Armenia’s Central Bank said it decided at the meeting today to keep the refinancing rate unchanged at 6%

    Armenian regulator head tells Reuters about changes in monetary policy

    Tuesday, March 28th, 2017

    The Central Bank of Armenia has no intention to continue easing its monetary policy for speeding up inflation – it says too low interest rates can create potential economic and financial risks

    Gold buying price in Armenia down to 17,352 drams per one gram

    Monday, March 27th, 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 March 20 to March 26, 2017

    Interest rates on saving deposits in Armenian drams grow in February

    Monday, March 27th, 2017

    Interest rates on saving deposits in Armenian national currency, the dram, grew in February, according to the Central Bank. The regulator said the deposits in drams, placed for a period of up to one year grew by 0.33 percentage points to 9.29%

    Around $68.4 million bought by Armenian banks last week

    Monday, March 27th, 2017

    Armenia’s commercial banks bought around $68.4 million from the local foreign currency market on March 20 to 24 at the average weighted exchange rate of 482.88 drams per one USD, the Central Bank of Armenia reported on Monday

    EBRD and Armenian central bank to strengthen local capital market

    Thursday, March 23rd, 2017

    The European Bank for Reconstruction and Development (EBRD) and the Central Bank of Armenia (CBA) are hosting a conference in Yerevan today to discuss strengthening the local capital market and increasing local currency lending, EBRD said today in a press release