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There is now revaluation of dram's exchange rate- deputy chairman of central bank

27.04.2021 16:10

There is now revaluation of dram's exchange rate- deputy chairman of central bank

YEREVAN, April 27. /ARKA/. The market exchange rate of Armenia's national currency, the dram, can devaluate and revaluate, Deputy Chairman of the Central Bank Nerses Yeritsyan said at a meeting of the parliamentary committee on financial-credit and budget issues on Tuesday.

“The Central Bank does not forecast the exchange rate of the currency. Our goal is inflation if we want to form inflationary expectations, which is the basis of stability and the main way to protect the purchasing power of the dram. The exchange rate should be more fluctuating than inflation,” Yeritsyan said.

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Average market exchange rate of USD against Armenian dram in 2020 was 489.01 drams

08.02.2021 19:57

Average market exchange rate of USD against Armenian dram in 2020 was 489.01 drams

According to the National Statistical Committee of Armenia, the average market exchange rate of the USD against the Armenian national currency in 2020 was 489.01 drams

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Devaluation of Armenian dram was expected, economists say

17.12.2020 18:14

Devaluation of Armenian dram was expected, economists say

The devaluation of the Armenian currency, the dram, was expected as a natural reaction to the changes taking place in the country, according to Armenian economists

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Armenian dram keeps on losing its value

11.12.2020 17:27

Armenian dram keeps on losing its value

The Armenian dram continues to devalue and the economic situation is difficult, Edgar Karapetyan, director for strategy and innovation at Galaxy Group of Companies, wrote on his Facebook page. He said the US dollar is already trading at 520-525 drams

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Economist: the main thing is to avoid panic because of devaluating Armenian dram

09.12.2020 21:30

Economist: the main thing is to avoid panic because of devaluating Armenian dram

The main thing is to avoid panic, economist and founder of the School of Banking Management Ashot Osipyan told reporters on Wednesday, when commenting on the devaluation of the national currency, the dram, against US dollar and Euro

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Armenian dram devaluation is mainly based on psychological factor - MP

27.11.2020 16:20

Armenian dram devaluation is mainly based on psychological factor - MP

The devaluation of the dram observed in Armenia in recent days is mainly based on a psychological factor – changes in human expectations and behavior, Babken Tunyan, an MP from the My Step faction and the head of the standing parliamentary committee on economic issues, said on Thursday answering media questions

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Armenia's dram was the only currency across EEU that did not depreciate against US dollar in 2019

21.02.2020 19:14

Armenia's dram was the only currency across EEU that did not depreciate against US dollar in 2019

Armenia’s national currency, the dram, was the only currency across the Eurasian Economic Union (it also includes Russia, Belarus, Kazakhstan and Kingston) that did not depreciate against the US Dollar in 2019, according to a report on major socio-economic indicators of the Eurasian Economic Union (EEU) in 2019

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BSTDB is planning new issuance of bonds in armenian drams in 2020

10.02.2020 16:36

BSTDB is planning new issuance of bonds in armenian drams in 2020

The Black Sea Trade and Development Bank (BSTDB) is planning a new issuance of bonds in Armenian drams in 2020, President of the bank Dmitry Pankin told reporters on Monday, saying also the bank attaches importance to the issuance of financial instruments in national currencies of member countries

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Armenian dram keeps enjoying high public confidence - central bank head

22.11.2019 15:40

Armenian dram keeps enjoying high public confidence - central bank head

Armenia’s national currency, launched 26 year ago, continues enjoying high public confidence, Arthur Javadyan, the head of the Central bank of Armenia, said Friday in his address to bank officers on the occasion of their professional day

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Fraudsters stole 20 million drams from credit organization in Yerevan

11.09.2019 19:37

Fraudsters stole  20 million drams from credit organization in Yerevan

YEREVAN, September 11. /ARKA/. Fraudsters stole 20 million drams from a credit organization in Yerevan. the Armenian police said. According to the police, a group of people received from the organization about 20 million drams placing as collateral vehicles registered in the names of other persons (not owners). The police said that the cars were […]

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