Exchange market

Sixty billion drams worth agricultural loans are subsidized by government

10.06.2020 20:15

Sixty billion drams worth agricultural loans are subsidized by government

Agricultural loans in the amount of 60 billion drams provided as part of the government assistance measures, designed to offset the consequences of coronavirus outbreak, are fully subsidized by the government, Economy Minister Tigran Khachatryan said on Wednesday

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Armenia’s financial system has recovered quickly amid coronavirus

06.05.2020 16:22

Armenia’s financial system has recovered quickly amid coronavirus

Armenian Prime Minister Nikol Pashinyan, speaking Wednesday in the National Assembly, said the country’s financial system has quickly recovered amid COVID-19

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Armenian central bank buys $25 million at forex market

22.04.2020 15:41

Armenian central bank buys $25 million at forex market

Armenian Prime Minister Nikol Pashinyan reported yesterday night on his Facebook page that the Central Bank of Armenia has bought USD 25 million in the foreign exchange market over the past two days

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Armenian central bank asks citizens not to form speculative forex expectations

15.04.2020 19:39

Armenian central bank asks citizens not to form speculative forex expectations

Armenia’s Central Bank intervenes in the local foreign exchange market only in extreme cases in order to mitigate potential serious fluctuations, said Andranik Grigoryan, head of the Central Bank’s Financial Stability Department

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Armenian central bank purchases $8.1 million at forex market, Pashinyan comments

14.04.2020 14:16

Armenian central bank purchases $8.1 million at forex market, Pashinyan comments

The Central Bank of Armenia bought USD 8.1 million in the foreign exchange market on Monday, Armenian Prime Minister Nikol Pashinyan reported on his Facebok page
“No matter how strange it may seem – today the Central Bank bought $ 8.1 million at the foreign exchange market

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Pashinyan calls for switching to settlements in national currencies within EEU

10.04.2020 18:36

Pashinyan calls for switching to settlements in national currencies within EEU

Armenian Prime Minister Nikol Pashinyan has again argued today in favor of shifting to settlements in national currencies within the Eurasian Economic Union (EEU)

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Armenian central bank to replace used banknotes to prevent spread of coronavirus

13.03.2020 16:33

Armenian central bank to replace used banknotes to prevent spread of coronavirus

The Armenian central bank said on Thursday it would gradually replace used banknotes with new ones to try to prevent the spread of coronavirus and advised people to avoid making cash payments where possible

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Armenia's external forex reserves amount to 'unprecedented' $2.85 billion - Nikol Pashinyan

27.02.2020 18:24

Armenia's external forex reserves amount to 'unprecedented' $2.85 billion - Nikol Pashinyan

Armenia’s external forex reserves have amounted to the ‘unprecedented’ $2.85 billion, Prime Minister Nikol Pashinyan said at a government meeting on Thursday

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Armenia's dram was the only currency across EEU that did not depreciate against US dollar in 2019

21.02.2020 19:14

Armenia's dram was the only currency across EEU that did not depreciate against US dollar in 2019

Armenia’s national currency, the dram, was the only currency across the Eurasian Economic Union (it also includes Russia, Belarus, Kazakhstan and Kingston) that did not depreciate against the US Dollar in 2019, according to a report on major socio-economic indicators of the Eurasian Economic Union (EEU) in 2019

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BSTDB President skeptical about single currency idea

17.02.2020 15:12

BSTDB President skeptical about single currency idea

Dmitry Pankin, President of the Black Sea Trade and Development Bank (BSTDB), is skeptical about the idea of a single currency

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