The average annual exchange rate of the dram to the US dollar is projected at 396 in 2024, a macroeconomic forecast by the Eurasian Development Bank revealed on Monday.
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Archive for July 29th, 2024
Average yearly Armenian dram exchange rate to stand at 396 AMD to $1
Monday, July 29th, 2024Armenian Central Bank to cut refinancing rate to 7.5 per cent by end of 2024 - EDB
Monday, July 29th, 2024The Central Bank of Armenia is likely to further cut the refinancing rate to 7.5% by the end of 2024, the Eurasian Development Bank believes
Fitch Affirms Armenia at "BB-" with Stable Outlook
Monday, July 29th, 2024. Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “BB-” with a Stable Outlook. This affirmation reflects Armenia’s credit fundamentals, including its per-capita income and governance indicators, strong growth prospects, and robust macroeconomic policy framework. However, challenges such as a wide fiscal deficit, weak external finances, high financial sector dollarization, and geopolitical risks are noted.
EDB: Armenia’s inflation to stand at 1.5% in 2024
Monday, July 29th, 2024Inflation in Armenia is projected at 1.5% year-on-year by the end of 2024, a macroeconomic forecast by the Eurasian Development Bank revealed on Monday.
