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  • Archive for December 4th, 2017

    Fitch affirms Armenia’s city of Yerevan at 'B+'; outlook stable

    Monday, December 4th, 2017

    Fitch Ratings has affirmed Armenian capital city of Yerevan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’ with Stable Outlooks and Short-Term Foreign-Currency IDR at ‘B’

    Armenian government’s external debt up 5.5 percent in 9 months

    Monday, December 4th, 2017

    Armenian government’s aggregate external debt stood at $5.067.8 billion at the end of September, an increase of 5.5%, when compared to the beginning of the year, according to the numbers, released by the National Statistical Service (NSS)

    Around $93.3 million bought by Armenian banks last week

    Monday, December 4th, 2017

    Armenia’s commercial banks bought around $93.3 million from the local foreign currency market on November 27 to December 4 at the average weighted exchange rate of 483.31 drams per one USD

    No significant fluctuations expected at Armenian forex market

    Monday, December 4th, 2017

    Although the dollar will continue its upward motion and the euro will remain unchanged, no sharp exchange rate fluctuations are expected in Armenia, Gagik Makaryan, head of the Union of Armenian Employers, said on Friday