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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A 34-year-old resident of Yerevan has been detained on suspicion of selling counterfeit US dollars, Armenian Police reported

Categories: Exchange market, General news, News, News of the hour | Comments Off on Police detain 34-year-old man on suspicion of selling counterfeit US dollars

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We  see risks on both sides,’ Jihad Azour’, Head of Middle East and Central Asia Department at the International Monetary Fund (IMF), said in an exclusive interview with ARKA news agency in response to a question about possible scenarios for the behavior of the Armenian currency

Categories: Exchange market, General news, News, News of the hour | Comments Off on IMF sees risks of both strengthening and weakening of the Armenian dram

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We expect the dram to begin to depreciate as the current account deficit widens and transfers slow, S&P Global Ratings said

Categories: Exchange market, General news, News, News of the hour | Comments Off on S&P Global Ratings expects the dram to begin to depreciate as the current account deficit widens and transfers slow.

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The dramatic depreciation of the Russian ruble and the unprecedented appreciation of the Armenian dram have been a concern for Armenian companies, which sell their products in  Russia, Russian Minister of Economic Development Maxim Reshetnikov said after a ‘business-breakfast’ meeting of business people from both countries today in Yerevan

Categories: Exchange market, General news, News, News of the hour | Comments Off on Armenian exporters worried about ruble exchange rate - Reshetnikov

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The national currency of the Republic of Armenia, the dram, is one of the symbols of independent statehood. The dram was put into circulation on November 22, 1993

Categories: Exchange market, General news, News, News of the hour | Comments Off on Armenian Central Bank puts “30 Years of National Currency” silver collector coin into circulation

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According to the base scenario forecast of the Eurasian Development Bank (EDB), the nominal exchange rate of the Armenian currency against the USD will be close to AMD 397 at the end of 2023

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Depreciation of Armenian national currency, the dram, will have a positive impact on national producers, making their goods cheaper and more competitive in foreign markets, Hovak Hovakimyan, CEO of Freedom Broker Armenia, said to ARKA news agency

Categories: Exchange market, General news, News, News of the hour | Comments Off on Dram's depreciation will positively affect local producers and help keep Russian nationals in Armenia - Freedom Broker Armenia (EXCLUSIVE)

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Sharp increases in money transfers and movement of migrants from Russia have contributed to a sustained strengthening of the dram since mid-2022, Fitch Ratings said as it has upgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable

Categories: Exchange market, General news, News, News of the hour | Comments Off on Fitch expects Armenian dram to moderately depreciate in 2023-24

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Armenia’s national currency, the dram, has become 30 years old this year. To commemorate this historic date a two-day international conference titled “The source study value of the coin” kicked off at the Armenian History Museum

Categories: Exchange market, General news, News, News of the hour | Comments Off on Armenian dram is 30 years old: Yerevan hosts international conference on etymology and development of national currency

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