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Flocks of Iranian tourists help Armenian dram regain a little, newspaper

30.03.2015 17:53

Flocks of Iranian tourists help Armenian dram regain a little, newspaper

YEREVAN, March 27. / ARKA /. The influx of Iranian tourists, who arrive in Armenia in late March to celebrate the Iranian New Year-Nowruz- has helped the Armenian national currency, the dram, to regain its value a little, according to Armenian newspaper "168 Hours" (168 hours).

A story in the newspaper cites the data from the Central Bank of Armenia which say that the cost of USD has dropped by 0.15 percentage points on March 27 when compared to the day before trading at 471.63 drams. The cost of the greenback has dropped by 6 drams for the last week, it says.

The newspaper says there are no other reasons but Iranian tourists that can explain the rise of the dram’s value. Thus, the volume of remittances from abroad sent home by Armenian labor migrants continued to decline along with exports that declined significantly too. Besides, the Central Bank did not force local banks to sell large amounts of hard currency.

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Anelik Bank announces new loan designed for tourists

13.06.2014 19:30

Anelik Bank announces new loan designed for tourists

Yerevan-based Anelik Bank has announced today a new type of loan designed specifically for tourists. The loan amount is up to 1.5 million drams and is repayable in 24 months

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RESO to insure clients of Georgia’s Intercontinental tour operator

18.07.2013 14:09

RESO to insure clients of Georgia’s Intercontinental tour operator

Intercontinental tour operator of Georgia has come up with a number of new market proposals which will be exclusively represented by Exotour agency in Yerevan

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