All news related to Armenia

No threat to Armenian dram, central bank head says

24.04.2018 14:46

No threat to Armenian dram, central bank head says

YEREVAN, April 24. /ARKA/. The chairman of Armenia’s Central Bank Artur Javadyan has downplayed today fears that the resignation of prime minister Serzh Sargsyan may destabilize the Armenian national currency dram.

Speaking to reporters after visiting the Tsitsernakaberd genocide memorial to remember the 1.5 million Armenians killed by the authorities of Turkey during World War 1, Javadyan said any unstable situation in the country leads to financial destabilization, but as for the possible devaluation of the Armenian dram, there are no such threats, especially that the regulator is carrying out all necessary measures.

According to the Central Bank, the USD traded on April 23 at 480.13 drams. The greenback began slightly losing its value against the dram from April 11, when it traded at 483.12 drams. Overall, since the beginning of the year the Armenian currency has shown stability trends versus the US dollar, and all exchange rate fluctuations were within the seasonal limits. -0-

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Around $93 million bought by Armenian banks last week

23.04.2018 23:14

Around $93 million bought by Armenian banks last week

Armenia’s commercial banks bought around $92.3 million from the local foreign currency market on April 16 to 20 at the average weighted exchange rate of 480.54 drams per one USD, the Central Bank of Armenia reported on Monday

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Armenian prime minister Serzh Sargsyan resigns

23.04.2018 18:08

Armenian prime minister Serzh Sargsyan resigns

Armenian prime minister Serzh Sargsyan has resigned today. In a statement, posted on prime minister’s official website, Serzh Sargsyan says:

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Ranking of most profitable Armenian banks in quarter one, 2018

19.04.2018 18:12

Ranking of most profitable Armenian banks in quarter one, 2018

YEREVAN, April 19. /ARKA/. According to ARKA news agency’s quarterly ranking of the most profitable banks, 17 Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All […]

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Armenian banks’ net profit in quarter one doubles

19.04.2018 18:05

Armenian banks’ net profit in quarter one doubles

Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit

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Armenian banks bought $93.6 million last week

17.04.2018 15:37

Armenian banks bought $93.6 million last week

Armenian banks bought a total of $93.6 million at the local inter-bank forex market in a time span from April 9 to April 13 at the weighted average exchange rate of 481.97 drams per one USD, the Central Bank reported today

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Armenia’s central bank to launch ‘month of my finance’ program

12.04.2018 18:25

Armenia’s central bank to launch ‘month of my finance’ program

Armenia’s Central Bank said today it will launch the “Month of My Finance” program on April 16

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ADB: 4% economic growth expected in Armenia in 2018

12.04.2018 17:31

ADB: 4% economic growth expected in Armenia in 2018

The Asian Development Bank forecasts a moderate four-percent economic growth in 2018 to Armenia.
In its Asian Development Outlook 2018 “How Technology Affects Jobs”, the ADB says that GDP growth will stand at 4.2%

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Central bank of Armenia to ensure price and financial system’s stability

10.04.2018 18:53

Central bank of Armenia to ensure price and financial system’s stability

Armenia’s Central Bank said today that since April 9 it has basically two main goals: to ensure price and financial system’s stability

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Armenia’s gross international reserves shrunk 1.9% to $2 234.5 million by late March 2018

10.04.2018 14:44

Armenia’s gross international reserves shrunk 1.9% to $2 234.5 million by late March 2018

Armenia’s gross international reserves totaled $2 234.5 million in late March 2018 after shrinking 1.9% or by $44.7 million over one month, the Central Bank of Armenia said Tuesday in its preliminary report

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