YEREVAN, September 10. /ARKA/. Armenia’s Central Bank has decided today to cut its key refinancing rate by 0.25 percentage points setting it at 5.5%. It said in August 2019, prices dropped by 0.4%, facilitated largely by a higher seasonal decline in agricultural produces’ prices. As a result, the 12-month inflation continued to decline, reaching 0.6% […]
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Archive for September, 2019
Armenia's Central Bank cuts key refinancing rate by 0.25 percentage points to 5.5%
Tuesday, September 10th, 2019Armenian resort town to host international conference on macroeconomic modeling
Monday, September 9th, 2019YEREVAN, September 9. /ARKA/. The Training and Research Center of Armenia’s Central Bank in the resort town of Dilijan in the province of Tavush will host the 22nd conference on macroeconomic modeling. The gathering’s theme that will run from September 11 through September 14 is Advancing the Frontiers of Monetary Policy. “The purpose of the […]
UMAF and ACBA-CREDIT AGRICOLE BANK implement public health charity program in Tavush
Monday, September 9th, 2019YEREVAN, September 6. /ARKA/. The Union of Armenian Doctors of France (UMAF) with the assistance of ACBA-CREDIT AGRICOLE BANK implemented a public health charity program in the province of Tavush, called “Spectacles for Armenia”, the press service of the bank reported. It said for the fourth year in a row, with the support of UMAF, […]
EDB looking to buy stakes in Armenian banks
Monday, September 9th, 2019YEREVAN, September 6. /ARКА/. Eurasian Development Bank (EDB) CEO Andrei Belyaninov said in an interview with Reuters (https://www.reuters.com/article/edb-bonds/eurasian-development-bank-plans-bond-issues-eyes-bank-stakes-idUSL5N25W110) that the bank was looking to buy stakes in local banks in the countries where it operates – which include Belarus, Armenia, Kyrgyzstan and Tajikistan in addition to the founding partners. “We are working on an equity […]
Nonresidents to receive no deposit insurance preferences in Armenia
Monday, September 9th, 2019YEREVAN, September 9. /ARKA/. The National Assembly of Armenia declined Monday a motion to include the amendments proposed to the law on compensations for individual depositors into the autumn sessions’ agenda. Mane Tandilyan, a member of Bright Armenia faction, presenting the bill, said that it proposed to increase deposit guarantees for nonresident depositors. “The problem […]
In 2019 august Armenia's 12-month inflation was 0.6 percent
Friday, September 6th, 2019YEREVAN, September 5. /ARКА/. In August 2019 consumer prices in Armenia increased by 0.6% from the year before, according to the National Statistical Committee (NSC). Moreover, according to NSC, in August 0.4% deflation was recorded compared with the previous month of July. At the same time, in late August of 2019 the eight-month year-on-year inflation […]
US dollar grows to 476.17 drams
Monday, September 2nd, 2019YEREVAN, September 2. /ARKA/. The average exchange market rate of the US dollar versus the Armenian dram has increased today by 0.07 percentage points from August 30 to 476.17 drams, the Central Bank reported. It said the Euro has dropped from 525.71 drams to 522.03 drams and the Russian ruble has fallen from 7.17 drams […]
