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Armenian central bank asks citizens not to form speculative forex expectations

15.04.2020 19:39

Armenian central bank asks citizens not to form speculative forex expectations

YEREVAN, April 15. /ARKA/. Armenia's Central Bank intervenes in the local foreign exchange market only in extreme cases in order to mitigate potential serious fluctuations, said Andranik Grigoryan, head of the Central Bank's Financial Stability Department.

“We have always said that we adhere to the floating exchange rate. The Central Bank intervenes in the foreign exchange market only in extreme cases to mitigate potential serious fluctuations. And the latter cases are not an exception either- the Central Bank intervened in the market solely to mitigate and help avoid strong fluctuations," he said to a news conference today.

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Armenia to abolish forex dealers' license

23.01.2020 18:44

Armenia to abolish forex dealers' license

Armenia’s National Assembly has approved today in the first reading a package of bills to amend the Law on Licensing, as well as several related laws

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Armenian central bank confirms that external forex reserves stand at unprecedented level

16.12.2019 17:47

Armenian central bank confirms that external forex reserves stand at unprecedented level

Armenia’s Central Bank downplayed today a story, headlined “Armenia’s international reserves are no longer unprecedented

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Armenian central bank's forex reserves stand now at record $487.7 million

24.10.2019 16:23

Armenian central bank's forex reserves stand now at record $487.7 million

Armenian Central Bank’s forex reserves stand now at record $487.7 million, Prime Minister Nikol Pashinyan told the parliament today. He said the regulator replenished the forex reserves to this ‘unprecedented’ level after buying a substantial amount of foreign currency

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Armenia’s central bank warns against leveraged transactions

24.12.2018 19:00

Armenia’s central bank warns against leveraged transactions

Armenia’s Central Bank has warned today about high risks of leveraged transactions (leverage is an investment strategy of using borrowed money

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Armenian Central Bank to sell forex only through auctions till end of the year

08.12.2014 15:43

Armenian Central Bank to sell forex only through auctions till end of the year

From December 8 till the end of this year, the Central Bank of Armenia (CBA) will be applying a new forex sale strategy, says the regulator’s statement

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Armenia’s commercial banks purchase about $93.1 mln at intra-banking forex market last week

24.03.2014 11:53

Armenia’s commercial banks purchase about $93.1 mln at intra-banking forex market last week

Armenian commercial banks purchased about $93.1mln at a weighted average rate of 414.28drams per $1 in intra-banking foreign exchange market on March 17-21, the press service of the Central Bank reported

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Armenia’s commercial banks purchase over $101.6 mln at intra-banking forex market last week

03.02.2014 13:36

Armenia’s commercial banks purchase over $101.6 mln at intra-banking forex market last week

Armenian commercial banks purchased more than $101.6mln at a weighted average rate of 407.96drams per $1 in intra-banking foreign exchange market on January 29 – February 1, the press service of the Central Bank reported

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Armenia’s commercial banks purchase over $75.8mln at intra-banking Forex market last week

23.09.2013 12:27

Armenia’s commercial banks purchase over $75.8mln at intra-banking Forex market last week

Armenian commercial banks purchased more than $75.8mln at a weighted average rate of 407.61drams per $1 in intra-banking foreign exchange market on September 17-20, the press service of the Central Bank reported

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Armenia: Foreign currency market review for the week August 5-9

13.08.2013 14:07

Armenia: Foreign currency market review for the week August 5-9

Average weighted US exchange rate fell by 0.94% to AMD407.25 at NASDAQ OMX Armenia last week.

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