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Central Bank denies media allegations that it uses ‘repressive’ measures to stabilize the exchange rate of the dram

08.02.2019 18:40

Central Bank denies media allegations that it uses ‘repressive’ measures to stabilize the exchange rate of the dram

YEREVAN, February 8. /ARKA/. Armenia’s Central Bank denied today media allegations claiming that it uses ‘repressive’ measures to stabilize the exchange rate of the national currency, the dram. Central Bank spokesman Harutyun Berberyan told ARKA news agency that media reports are based on what he described as ‘inappropriate assumptions."

Several local media outlets claimed today, citing their own sources, that the regulator does not allow local commercial banks to buy US dollars. Some of the reports went as far to claim that the Central Bank’s decision to put into circulation new generation banknotes was evidence of economic instability.

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US dollar grows by 0.42 percentage points to 484.52 drams

07.09.2018 09:18

US dollar grows by 0.42 percentage points to 484.52 drams

The average market exchange rate of the US dollar has grown today by 0.42 percentage point over the Armenian dram from September 5 to 484.52 drams, the Central Bank said

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US dollar rises by 0.37 percentage point over Armenian dram

05.09.2018 20:47

US dollar rises by 0.37 percentage point over Armenian dram

YEREVAN, September 5. /ARKA/. The average market exchange rate of the US dollar has grown today by 0.37 percentage point over the Armenian dram from September 4 to 484.10 drams, the Central Bank said. It said also the exchange rate of Euro has grown from 559.10 drams to 560.35 drams and the exchange rate of […]

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US dollar grows by 0.19 percentage points over dram to 483.49 drams

07.06.2018 22:33

US dollar grows by 0.19 percentage points over dram to 483.49 drams

The average market value of the US dollar against the Armenian dram has grown today by 0.19 percentage points from June 6 to 483.49 drams, the Central Bank said

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Armenian banks’ extended loans grew by 11 percent to 107.1 billion drams

31.05.2018 20:38

Armenian banks’ extended loans grew by 11 percent to 107.1 billion drams

The amount of extended loans of Armenian banks at the end of April 2018 stood at 107.1 billion drams, an increase of 11% from the previous month, the National Statistical Committee (NSC) reported

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VTB Bank (Armenia) retail lending grows to 100 billion drams

31.05.2018 20:30

VTB Bank (Armenia) retail lending grows to 100 billion drams

VTB Bank (Armenia) said today it is actively developing its product line and making its loan products more accessible to customers

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No threat to Armenian dram, central bank head says

24.04.2018 14:46

No threat to Armenian dram, central bank head says

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

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Central bank unveils prototype composite banknotes

22.11.2017 17:46

Central bank unveils prototype composite banknotes

YEREVAN, November 22. /ARKA/. Armenia’s Central Bank has unveiled today the prototypes of composite banknotes of the third generation, which are expected to be put into circulation in November 2018, when the Central Bank will mark the 25th anniversary of introduction of Armenian national currency- the dram. Composite are banknotes are banknotes made partly of […]

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Armenian central bank’s interventions amount to $100 million

31.10.2017 11:12

Armenian central bank’s interventions amount to $100 million

Armenia’s Central Bank’s intervention in the local foreign exchange market since the beginning of the year has amounted to $100 million so far, Arthur Javadyan, chairman of the Central Bank, told journalists on Monday

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Ameriabank sees no reason for destabilization of the Armenian dram’s exchange rate

24.10.2017 18:35

Ameriabank sees no reason for destabilization of the Armenian dram’s exchange rate

Arman Barseghyan, Retail Operations Director at Ameriabank, downplayed today allegations that the exchange rate of the Armenian national currency

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