All news related to CURRENCY

Armenian citizens to be allowed to choose currency for repaying loans

25.10.2017 16:17

Armenian citizens to be allowed to choose currency for repaying loans

YEREVAN, October 25. /ARKA/. The Armenian National Assembly passed Wednesday at the second and final reading amendments to the law on residential mortgage lending.

Nerses Yeritsyan, deputy head of the Central Bank of Armenia, said amendments allow borrowers to choose any currency for repaying their mortgage loans and loan interests.

«Before that it has been possible top do it only in the Armenian national currency, while now citizens are allowed to choose between drams and foreign currencies,» he said. «This will make it possible to avoid additional expenses related to foreign exchange rates.»

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Armenian banks bought $95.8 million at local interbank forex market

13.02.2017 17:16

Armenian banks bought $95.8 million at local interbank forex market

Armenian banks bought a total of $95.8 million at the local inter-bank forex market in a time span from February 6 to February 10 at the weighted average exchange rate of 485.72 drams per one USD, the Central Bank reported today

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Around $90.6 million bought by Armenian banks last week

19.12.2016 16:59

Around $90.6 million bought by Armenian banks last week

Armenia’s commercial banks bought around $90.6 million from the local foreign currency market on December 12 to 16 at the average weighted exchange rate of 483.77 drams per one USD, the Central Bank of Armenia reported on Monday

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Around $66.6 million bought by Armenian banks last week

12.12.2016 16:48

Around $66.6 million bought by Armenian banks last week

Armenia’s commercial banks bought around $66.6 million from the local foreign currency market on December 5 to 9 at the average weighted exchange rate of 481.34 drams per one USD, the Central Bank of Armenia reported on Monday

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Over $74.7 million bought by Armenian banks last week

10.10.2016 16:55

Over $74.7 million bought by Armenian banks last week

Armenia’s commercial banks bought more than $72.4 million from the local foreign currency market on October 3 to 7 at the average weighted exchange rate of 473.43 drams per one USD

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Armenia central bank injects $94 million in local currency market in quarter one

01.06.2016 14:15

Armenia central bank injects $94 million in local currency market in quarter one

Armenia’s Central Bank injected a total of $94 million in the local foreign currency market in the first quarter of 2016 to shore up the national currency

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Federal Reserve’s decision to raise interest rates will not affect Armenian currency, economist says

18.12.2015 13:49

Federal Reserve’s decision to raise interest rates will not affect Armenian currency, economist says

The decision of the US Federal Reserve System to raise interest rate by 0.25% for the first time since 2006 will not affect the Armenian dram, economist Artak Manukyan told ARKA

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Introduction of single currency for eeu would make shadow economic activities much more difficult, economist says

09.09.2015 16:01

Introduction of single currency for eeu would make shadow economic activities much more difficult, economist says

Introduction of a single currency for member states of the Russia-led Eurasian Economic Union (EEU) would make shadow economic activities much more difficult, according to an Armenian economist Vardan Bostanjyan

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EDB willing to consider local currency projects – Pankin

15.04.2015 17:30

EDB willing to consider local currency projects – Pankin

The Eurasian Development Bank (EDB) is ready to consider projects in other national currencies as well, provided there is access to the liability side, head of the EDB board Dmitry Pankin said in his exclusive interview to ARKA

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Introduction of single currency in Eurasian Economic Union space not feasible now – Armenian Central bank

03.04.2015 16:02

Introduction of single currency in Eurasian Economic Union space not feasible now – Armenian Central bank

Armenak Darbinyan,a member of the board of the Central Bank of Armenia, thinks introduction of a single currency in the Eurasian Economic Union space is not feasible so far

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