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 liquidity of Armenian banks significantly exceeds the regulatory requirements of the Central Bank, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday

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Armenia’s banking sector has no liquidity problem, Central Bank Board member Arthur Stepanyan said at a press conference on Friday

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Armenian banks’ total liquidity indicators (highly liquid assets / total assets) rose by 0.7 percentage point in July to overall 26%, according to data, placed on the Central Bank’s official website

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