Armenia’s Central Bank has released the first ever statistics on households’ inflation perceptions and expectations, based on the findings of a series of surveys
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Archive for September, 2023
Almost 70% of respondents of surveys felt price growth in Q3, but 41% expect inflation
Monday, September 18th, 2023Police detain 34-year-old man on suspicion of selling counterfeit US dollars
Thursday, September 14th, 2023A 34-year-old resident of Yerevan has been detained on suspicion of selling counterfeit US dollars, Armenian Police reported
More than 200 thousand people in Armenia owe large debts to banks; government wants to help them get out of it
Thursday, September 14th, 2023The Armenian government will develop a scheme to help citizens who owe large debts to banks get out of debt
Individual remittances sent to Armenia from abroad exceeded $3.3 billion in 7 months of 2023
Thursday, September 14th, 2023Private remittances sent to Armenia from abroad through the banks exceeded $3.3 billion in January-July 2023, up from $2.4 billion, sent in the same time span in 2022, according to a Central Bank of Armenia report
Unibank completes placement of AMD 1 billion and USD $5 million bonds ahead of schedule
Wednesday, September 13th, 2023Unibank has completed the process of placing AMD 1 billion and USD $5 million registered coupon bonds ahead of schedule. Although the issue prospectus was to be completed on October 6 this year, the bonds were bought by the public within seven days, the press service of the bank reported
Head of the Central Bank discussed implementation of new monetary approach with IMF representatives
Wednesday, September 13th, 2023The Chairman of the Central Bank of Armenia Martin Galstyan held a meeting today with a delegation led by IMF Mission Chief for Armenia Iva Petrova, the regulator’s press service reported
Central Bank of Armenia ready to take measures to curb "overheating" in mortgage market - Galstyan
Wednesday, September 13th, 2023The Central Bank of Armenia is ready to apply macroprudential tools to curb “overheating” in the mortgage market, the head of the regulator Martin Galstyan told a press conference today
Yearend inflation in Armenia to drop to about 0% - Central Bank
Tuesday, September 12th, 2023Yearend inflation in Armenia will drop to 0%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference today
Acba Leasing offers JAC vehicles on exclusive leasing terms (VIDEO)
Tuesday, September 12th, 2023With the signing of a memorandum Acba Leasing, EV Motors Group and Chinese company JAC strengthened exclusive cooperation, the key goal of which is to create mutually beneficial conditions for Armenian businesses
Central Bank of Armenia lowers refinancing rate by 0.5 p.p. to 9.75%
Tuesday, September 12th, 2023YEREVAN, September 12. /ARKA/. Armenia’s Central Bank has cut today the refinancing rate by 0.5 percentage points, setting it at 9.75%, the regulator’s press service reported.
It said the Central Bank’s Board has also lowered the Lombard repo rate to 11.25% and the rate at which funds are provided to commercial banks to 8.25%.
This is the third lowering of the refinancing rate by the regulator since the beginning of the year.
On June 13 , the Central Bank set it at 10.5%, reducing it by 0.25 percentage points, and on August 1 it cut the rate by 0.25 percentage points to 10.25% –0–.
