YEREVAN, October 8. /ARKA/. The Armenian dram remains stable, and the financial sector displays a high level of capital liquidity, according to the World Bank's report on the regional economic development of Europe and Central Asia, published on Wednesday.

The WB analysts say after a 5.5% devaluation in March, the Armenian dram recovered in April after the first COVID-19 strike, and remained largely stable since then.

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The outgoing year was marked with political events, particularly with change of power – heads of governing agencies and ministers, including the ministers of the economic sector, were replaced by new persons

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Recent mass protests in Armenia have raised concerns over soundness and stability of the country’s financial system

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Services in Armenia’s finance and insurance sectors totaled AMD 118.6 billion in Jan-June 2016 showing a 2.2 percent year-on-year growth

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Financial and insurance services worth AMD 37.2 billion were provided in Armenia in January and February 2016, the National Statistical Service reports

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Over 150 million euros have been invested in Armenia’s financial sector in 2015 and early 2016, the chairman of the Central Bank Arthur Javadyan said on Thursday

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The average nominal monthly salary in Armenia’s finance and insurance sectors, which are singled out for the highest salaries paid to their employees, went 0.9% down in September 2015

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The median salary in Armenia’s financial sector, which is singled out for highest paid jobs, shrank 10.5% in December 2014, compared with December 2013, to 526,797 drams

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