Armenia’s inflation in September 2024 was 0.6 percent (yoy), dropping from 1.3 percent (yoy) in August, the World Bank said in ‘Armenia Monthly Economic Update – October 2024.’
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Archive for October 22nd, 2024
WB names main reason for reduction of inflation in Armenia to 0.6 per cent in September
Tuesday, October 22nd, 2024Euro depreciates by 0.76 points to AMD 419.23
Tuesday, October 22nd, 2024The average market exchange rate of the US dollar to the Armenian dram on 22 October 2024 was 387.21 drams, having increased by 0.05 points compared to 21 October.
Future rate decisions of Armenian Central Bank should continue to be guided by evolution of inflation and inflation expectations -IMF
Tuesday, October 22nd, 2024. Amid low inflationary pressures, the Central Bank of Armenia (CBA) has continued its gradual reduction of the policy rate to steer inflation towards its target, IMF said in a press release following an IMF team’s visit to Armenia, led by by IMF Armenian Mission Chief Iva Petrova from 18 September to 1 October.
IMF Staff Reaches Staff Level Agreement with Armenia on Fourth Review of Stand-By Arrangement
Tuesday, October 22nd, 2024An International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan from September 18 to October 1, 2024, and held further virtual discussions afterwards for the fourth review under the Stand-By Arrangement (SBA) with Armenia, IMF said in a press release.
Converse Bank and Kapitalbank sign cooperation agreement at Sibos 2024
Tuesday, October 22nd, 2024‘We are happy to announce that Converse Bank “PJSC” has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing,’ the bank said in a press release today.
