Regardless of the U.S. dollar/dram exchange rate, stability of prices will be ensured in Armenia, Deputy Chairman of the Central Bank of Armenia Armen Nurbekyan said

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Customers of VTB (Armenia) bank can now receive money transfers from Russia by phone number with a halved commission – 0.5% of the transaction amount, the bank’s press service reported

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Russia and Armenia have completely abandoned settlements in US dollars and euros, Armenian Economy Minister Vahan Kerobyan said

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The strengthening of the Armenian dram has actually had less impact on the financial indicators of business entities this time than it did in the 2000s, Armenian Economy Minister Vahan Kerobyan said

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Net inflow of personal remittances to Armenia in 2022 amounted to a record $2.5bn, Central Bank Chairman Martin Galstyan said Tuesday

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The ruling Civil Contract party of Armenian PM Nikol Pashinyan has proposed an amendment to the law On Currency Regulation and Currency Control stipulating that banks and credit organizations provide consumer and mortgage loans to Armenian residents only in the country’s national currency dram

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Some 800 million drams have been refunded to Armenian pensioners in the form of cashback for cashless payments made by their cards over the last six months

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Cash withdrawals from ATMs and POS-terminals in Artsakh (Nagorno-Karabakh) has been restricted to no more than 50,000 drams ($126) per day, the Artsakh Information Center said

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The Russian exodus triggered by Vladimir Putin’s invasion of Ukraine has put the currencies of former Soviet republics at the top of global rankings this year, Russian RBC said quoting Bloomberg

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The overwhelming majority of Russian citizens who emigrated in 2022 amid the Russian-Ukrainian conflict and partial mobilization chose Armenia, Georgia and Kazakhstan

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