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  • Archive for October 13th, 2021

    Acba bank is first in Armenia to launch international card-to-card money transfers through phone number

    Wednesday, October 13th, 2021

    Acba bank is the first bank in Armenia to launch a new service of international card-to-card money transfers through a telephone number, the press service of the bank reported

    Standard & Poor’s: Armenian government’s general debt to decrease to 48% by 2024 from 53% in 2021

    Wednesday, October 13th, 2021

    The Standard & Poor’s said in a report it projects general government debt of Armenia to decrease to 48% by 2024 from 53% in 2021

    Standard & Poor’s: increased interest rate and dram appreciation should help bring inflation more toward 4% target

    Wednesday, October 13th, 2021

    To stem inflationary pressure, with consumer price index inflation peaking at 8.8% in August, the Central Bank of Armenia has hiked interest rates several times since December 2020, by a total of 300 basis points, Standard & Poor’s said in a report. This, and the recent dram appreciation, should help bring inflation more toward the 4% target over the coming 12-36 months

    Standard & Poor’s (S&P) Global Ratings assigns ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia

    Wednesday, October 13th, 2021

    On October 12, 2021, S&P Global Ratings assigned its ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia. At the same time, it assigned its ‘B’ short-term foreign- and local currency ratings. The outlook is positive. It also assigned its ‘BB-‘ transfer and convertibility assessment to Armenia

    Central Bank of Armenia issues collector coin dedicated to 150th anniversary of Alexander Spendiaryan’s birth

    Wednesday, October 13th, 2021

    On October 13, 2021 the Central Bank of Armenia has put into circulation a silver collector coin dedicated to the 150th anniversary of Alexander Spendiaryan’s birth