The amount of remittances sent home by Armenian labor migrants from the Russian Federation is falling as Russian ruble’s free fall extends into new record-breaking territories

Categories: Analytics, Announces, Economy @en, News, News of the hour | Comments Off on Russian remittances to Armenia continue to fall amid weakening ruble

Tags: Armenia, Economy @en, Russia, trasnfers

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Fitch Ratings has affirmed Armenia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Outlooks are Stable. The issue ratings on Armenia’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BB-‘

Categories: Analytics, Announces, Economy @en, General news, News, News of the hour | Comments Off on Fitch affirms Armenia at 'BB-'; Outlook stable

Tags: Armenia, BB-, Fitch

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Russian investments in Armenia’s real economy totaled $86.25 million in 2013, a reduction of 29.7% over the year, ArmStat reported

Categories: Analytics, Economy @en, News | Comments Off on Russian investments in Armenia’s real economy fell to $86.25mln last year

Tags: Armenia, Economy @en, INVESTMENTS

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Armenia’s national currency, the dram, was showing a clear devaluation trend in January and February this year, despite all the efforts of the Central Bank to hold it back

Categories: Analytics, Announces, Exchange market, General news, News, News of the hour | Comments Off on Armenia’s national currency continue to lose its value despite Central Bank’s efforts

Tags: Armenia, CBA, effort

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Armenia’s national currency, the dram, has turned 20 today. The process of replacing Soviet rubles with the new national currency began on November 22, 1993. Armenia that was in dire straits was the last former Soviet republic to introduce its own currency

Categories: Analytics, General news, News | Comments Off on Armenia’s national currency becomes 20 years –old

Tags: 20 years, Armenia, DRAM

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High inflation is wiping out Armenian pay rises hurting also people’s bank savings

Categories: Analytics, Announces, General news, News | Comments Off on High Armenian inflation ‘eats’ wages and savings

Tags: Armenia, INFLATION, PAY

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Average weighted US exchange rate fell by 0.94% to AMD407.25 at NASDAQ OMX Armenia last week.

Categories: Analytics, General news, News | Comments Off on Armenia: Foreign currency market review for the week August 5-9

Tags: Armenia, DOLLARS, Forex

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Last week gold trading was marked by considerable volatility because of a string of important events which could change the mood of investors. The U.S.

Categories: Analytics, Economy @en, General news, News | Comments Off on Metals market: Gold and Copper prices fluctuate depending on US data

Tags: copper, gold, Metal market

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Last week, the cost of U.S. dollar at NASDAQ OMX Armenia stock exchange rose by 0.15% to 411.12 drams as the weekly trading in foreign exchange totaled $7.74 million, 65.26% less than the previous week. The average selling rate of cash greenback rose by 0.14% to 412.43 drams on August 3

Categories: Analytics, Exchange market, News | Comments Off on Armenia: Forex market review for July 29- August 2

Tags: Armenia, DRAM, Forex market

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Gold prices were rising from 22 to 26 July amid optimism after the Federal Reserve announced it was not planning to decrease the purchases of securities at the open market

Categories: Analytics, General news, News | Comments Off on Metal market: gold and copper prices vary, meetings of U.S. and european regulators in limelight

Tags: Analytics, copper, Economy @en, gold

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