Armenian Central Bank’s gold and foreign exchange reserves have exceeded $4 billion, the regulator’s head Martin Galstyan said today when asked whether it was possible to replenish the reserves at the moment, taking into account the possible devaluation of the Armenian dram

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Armenia’s Central Bank has unveiled its approaches to  regulation and control over the issuance and turnover of virtual assets (crypto-assets)

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The AMD was temporarily impacted by the September 19 attack on Nagorno-Karabakh, the subsequent refugee crisis, and general uncertainty, ), according to  the World Bank’s  ‘Armenia Monthly Economic Update – October 2023.’ 

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Later this year or early next year the Central Bank of Armenia is likely to send a legislative initiative on cryptocurrencies to the National Assembly for discussions

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Commonwealth of Independent States (CIS) member states should make greater use of settlements in national currencies in order not to depend on outside influence, Russian President Vladimir Putin said at a meeting of CIS leaders today in Kyrgyzstan

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he amount of remittances sent from Russia to Armenia is now even higher than a year ago, while in Georgia and Kazakhstan the situation is the opposite, says Russian Business Consulting (RBC) business news outlet

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Two weeks ago, the US dollar traded at 387 drams; today it is trading at 420-450 drams, economist Hrant Mikayelyan said

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After setting the floating exchange rate regime the Central Bank of Armenia has not been targeting  any level of the exchange rate, monitoring instead the situation in the currency market on a daily basis being ready in case of a serious failure to  intervene with its tools

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half of September but continued to strengthen against the RUB, according to the World Bank’s “Armenia monthly economic update – september 2023” review

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Armenia has been included in the list of countries, whose banks and brokers are allowed to trade in the Russian currency and derivatives markets

Categories: Banks @en, Exchange market, General news, News, News of the hour | Comments Off on Armenia included in the list of 'friendly' countries, whose banks can participate in currency trading in Russian Federation

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