YEREVAN, July 20. /ARKA/. At the beginning of 2021 Armenia’s gold and foreign exchange reserves were the lowest among members of the Eurasian Economic Union (EEU, Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan), according to the Eurasian Development Bank’s report on Uzbekistan’s integration with the EEU.

According to the report, the gold and foreign exchange reserves of Uzbekistan, which is not a member of the EEU at the beginning of 2021 stood at $34.9 billion, which is comparable to the reserves of Kazakhstan and more than 2.5 times higher than the combined reserves of Armenia, Belarus and Kyrgyzstan.

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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

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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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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, 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 has warned today about high risks of leveraged transactions (leverage is an investment strategy of using borrowed money

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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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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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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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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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